China imposes 'national security' rules on overseas investments
- BEIJING: China is intensifying its scrutiny of investments overseas with broad "national security" regulations taking effect from Wednesday (Jul 1), at a time of rising tech competition with Washington.
- The new rules, originally announced on Jun 1, provide authorities with a sweeping legal framework to influence flows of capital and personnel across China's borders.
- Beijing sees fields such as artificial intelligence, computer chips and green technology as economically and strategically vital and has vowed to promote their domestic development.
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- BEIJING: China is intensifying its scrutiny of investments overseas with broad "national security" regulations taking effect from Wednesday (Jul 1), at a time of rising tech competition with Washington.
- The new rules, originally announced on Jun 1, provide authorities with a sweeping legal framework to influence flows of capital and personnel across China's borders.
- Beijing sees fields such as artificial intelligence, computer chips and green technology as economically and strategically vital and has vowed to promote their domestic development.
Sources: CNA