Beijing clarifies outbound investment rules after Manus deal block

China is strengthening oversight of outbound investment through new regulations from July 1 that are designed to safeguard national interests, following an earlier ban on Meta’s acquisition of AI firm Manus.

China's State Council has issued a new set of rules on outbound investment, requiring approval for the overseas transfer or use of goods, technologies, services and related data subject to export controls; the regulations will take effect on July 1.

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