China's Mixed Signals on Foreign Tech Investment The recent blocking of Meta's proposed buyout of Manus, a Chinese founded AI start up, has left many wondering about Beijing's true intentions regarding foreign tech investment.
The National Development and Reform Commission (NDRC) claims to be supportive of domestic firms integrating into the global innovation network, yet its actions suggest otherwise.
At a press conference on Friday, Li Chao, NDRC spokesman, denied pressuring Chinese tech companies to reject foreign investment.