“China is erecting walls to prevent money, technology and companies from leaving the country,” the New York Times reports.
“This week, the State Council, China’s cabinet, announced new rules requiring national security screening for Chinese companies seeking to invest overseas. The move follows regulations introduced in April that allowed the authorities to intervene when foreign companies tried to relocate supply chains out of China.”
“Taken together, the measures amount to a new blueprint for the economic fortress China is building around its technology and supply chains amid rising tensions with Europe and the United States.”
