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China expands curbs on foreign deals, tech transfer after Meta-Manus block
China expands curbs on foreign deals, tech transfer after Meta-Manus block The framework, which takes effect Jul 1, provides a comprehensive and formalised legal basis for China to force the unwinding of completed overseas transactions. China issued sweeping new rules on Monday (Jun 1), tightening control of overseas deals that involve Chinese investors, technology, data and national security, a month after Beijing ordered Meta to unwind its acquisition of AI startup Manus. The regulations,...