BEIJING, June 1 – Chinese authorities unveiled comprehensive new regulations on Monday that significantly expand government oversight of foreign investment activities by Chinese companies, particularly those involving technology transfers, data sharing, and matters of national security importance.
The new framework, announced by the State Council, China’s primary governing body, becomes effective July 1. A key provision mandates that companies must obtain government approval before exporting any restricted Chinese goods, technologies, services, or associated data to foreign entities.
The regulations also prohibit indirect technology transfers accomplished through sending technical personnel across borders, as well as blocking transfers through training programs, advisory services, or similar arrangements.
The announcement comes one month after Chinese regulators forced the cancellation of Meta’s planned acquisition of artificial intelligence company Manus.
