China Extends Its Powers to Restrict Outbound Investment
Chinese authorities have passed a new law that gives it the power to restrict and reverse outbound investment deals involving Chinese investors, technology and/or national security concerns.
The Outbound Investments Provisions (对外投资规定), which will take effect on July 1, empower authorities to influence deals outside mainland China (including Hong Kong, Macao, and Taiwan) and retaliate against countries that restrict Chinese investment.