China boosts trade-war toolkit with cross-border investment overhaul

China issued new rules that tighten scrutiny of cross-border investments and bolster countermeasures amid an intensifying technological rivalry with the United States. The changes, which take effect on July 1, will prevent investors transferring restricted goods, technologies, services and data overseas without prior authorisation. The 34-article regulations, published on Monday, also limit indirect transfers such as the overseas deployment of technical staff and consultants