China issues sweeping new rules on outbound investment, widening regulatory scrutiny of overseas deals involving Chinese investors, technology, data, and national security, effective July 1.

China's State Council published new rules on Monday that expand regulators' powers to scrutinize overseas deals. The rules take effect from July 1.

Key provisions include a requirement for authorization before exports of restricted Chinese goods, technologies, services, or related data. The rules also bar indirect transfers through cross-border deployment of technical staff, training programs, and other arrangements.

The move follows Beijing's order for Meta to unwind its acquisition of AI startup Manus, issued a month before these rules were published.