China toughens rules on outbound investment after Meta-Manus contention

China issued sweeping new rules on Monday, widening regulators' powers to scrutinise overseas deals involving ‌Chinese ⁠investors, ⁠technology, data and national security, a month after Beijing ordered the unwinding of Meta's acquisition of AI ⁠startup Manus.

The ‌rules, published ​by ​the State ⁠Council, or cabinet, will take ​effect from July 1. ​One of the most significant requires authorisation for exports of restricted ‌Chinese goods, technologies, services or related ​data.

The ​rules ⁠also bar indirect transfers through cross-border deployment of technical ​staff and guidance, training programmes or other arrangements.