China responded last week with an EU style blocking statue: "Counteracting Unjustified Extra-territorial Application of Foreign Legislation and Other Measures".

China responded last week with an EU style blocking statue: "Counteracting Unjustified Extra-territorial Application of Foreign Legislation and Other Measures". Essentially retaliate against any entities from third countries who obey US sanctions. It's still more signal than prelude to forcing companies to choose, but looks like forcing companies to choose is the next step.