New Delhi, Sept 8:
China is tightening controls over the movement of people, capital and strategic technologies, with new exit-and-entry rules set to take effect on September 15 that will allow authorities to restrict citizens from leaving the country in cases involving risks to industrial and technological security, a report has said.
The move marks a further expansion of Beijing’s efforts to prevent sensitive technology, data and talent from moving overseas, according to the Nepal Aaja report. The latest measures come amid growing concern in Beijing over the loss of advanced technology and skilled personnel to foreign markets.
The government’s intervention in the proposed $2 billion acquisition of Chinese AI startup Manus by Meta has emerged as a prominent example of the increasingly sensitive approach towards the overseas movement of Chinese AI capabilities. China blocked the transaction in April and ordered it to be unwound.