China does not make tech firms reject foreign investment, NDRC says
China does not make tech firms reject foreign investment, NDRC says
ReutersFri, May 22, 2026 at 4:11 AM UTC
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A man walks in front of the skyline of the Central Business district in Beijing, China, July 14, 2022. REUTERS/Thomas Peter
BEIJING, May 22 (Reuters) - China's powerful state planner said on Friday the government has never required Chinese technology companies to reject foreign investment, responding to a media question about whether Beijing plans to ask Chinese firms to refuse investment from U.S. capital.
Last month, Bloomberg News reported that the National Development and Reform Commission and other regulators instructed several private technology firms to reject U.S. investment in funding rounds unless explicitly approved, citing people familiar with the matter.
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The state planner's denial comes as it looks to manage the fallout of a decision last month to order U.S. tech giant Meta to unwind its acquisition of Chinese artificial intelligence startup Manus, which has sent chills across the startup and foreign business community.
(Reporting by Ellen Zhang, Eduardo Baptista, and Ryan Woo; Editing by Christian Schmollinger and Lincoln Feast.)
Source: “AOL Breaking”
