technology China
China expands restrictions on tech talent and capital leaving the country
2BUSD
Value of Meta's attempted acquisition of Manus
China has introduced entry-exit rules allowing authorities to stop specialists from leaving if their expertise is considered a threat to technological security. The measures have also affected technology deals, overseas travel and the movement of wealth.
1 sourceDeutsche WelleUpdated
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China's new entry-exit rules give authorities the power to stop engineers, founders and other specialists from leaving the country when their expertise is judged a threat to industrial and technological security.
“new entry-exit rules took effect, giving Chinese authorities the power to stop engineers, founders and other specialists from leaving the country”
Beijing blocked Meta's attempted acquisition of Manus and barred Manus's two founders from leaving China.
“Beijing blocked the move and barred the firm's two founders from leaving the country”
- 2BUSD
Value of Meta's attempted acquisition of Manus
“tried to acquire Manus last December for $2 billion”