China’s new investment law asserts control over offshore tech transfers in landmark move

AI Summary

China has enacted a comprehensive overseas investment law to protect national interests and regulate foreign trade-related barriers affecting technology transfers. The new law grants the State Council authority to implement defensive measures for Chinese investors abroad, raising concerns among foreign partners.

China has enacted a sweeping overseas-investment law that aims to safeguard national interests against trade barriers and unauthorised use of advanced technology abroad, though analysts warn that the move could complicate operations for foreign partners. The State Council’s 34-article Regulation on Overseas Investment, taking effect on Wednesday, authorises “necessary and defensive measures” to protect Chinese investors and interests overseas in response to foreign trade-related barriers. Under...