China expands curbs on foreign deals, tech transfer after Meta-Manus block

China has expanded its restrictions on foreign deals and technology transfers, effective July 1, providing a legal framework to force the unwinding of completed overseas transactions. This move follows the block of the Meta-Manus deal and is likely to impact US-China relations. The new framework will have significant implications for foreign companies operating in China. China's actions are part of its efforts to strengthen its control over foreign investments and technology transfers.