China passes new law to combat cross-border corruption

• China's top legislature passed the Anti-Cross-Border Corruption Law on Friday.
• The law equips Beijing with new tools to pursue illicit offshore assets and counter foreign investigations.
• The law was approved at the close of the 25th session of the 14th National People's Congress Standing Committee.
• The law aims to expand China's anti-graft efforts and protect Chinese citizens and entities abroad from foreign investigations.
• The law's passage follows China's ongoing efforts to combat corruption domestically and internationally.