China formalises tougher outbound-investment rules after the Meta-Manus blockade

Beijing’s new framework codifies the technology-tracing approach the NDRC used to unwind Meta’s $2bn Manus acquisition, making cross-border AI deals materially harder. China has formalised a tougher framework for outbound-investment review, codifying the legal-and-administrative posture the National Development and Reform Commission used to unwind Meta’s $2bn acquisition of AI-agent startup Manus in April. The updated rules, […]