Translation result.
China will tighten controls on outbound investment in artificial intelligence, advanced technologies and data, effective July 1.
State-run Xinhua reported that China’s State Council has issued the Regulations on Outbound Investment, a 34-item framework that prohibits the transfer abroad of restricted goods, technologies, services or data without government approval.
The rules also target indirect transfers, including seconding technical personnel overseas or assigning them to work for foreign companies as a means of moving know-how.
Overseas investments deemed potential threats to national security will be subject to review and can be suspended or subjected to forced divestiture.
Observers say the measure, announced after authorities blocked Meta’s proposed acquisition of Manus, a China-linked AI startup, is aimed at preventing the leakage of advanced technology amid intensifying tech rivalry between Washington and Beijing.
Bae Sam-jin, correspondent (baesj@yna.co.kr)
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Bae Sam-jin (baesj@yna.co.kr)
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