Earlier this month, the Ministry of Commerce (MOFCOM) and five other agencies jointly released the revised Administrative Measures for Strategic Investment by Foreign Investors in Public Companies. The revision reflects China's ongoing efforts to attract foreign capital while maintaining control over national security and other interests.

The Biden administration's recent move to restrict outbound investments to China has prompted swift condemnation from Beijing, which characterizes the measures as discriminatory and detrimental to global economic cooperation. As both countries grapple with the implications of these restrictions, concerns are mounting over potential retaliation and the broader

Yesterday, the Biden administration issued a Final Rule on outbound investment restrictions, targeted at China and focusing on certain key technologies.

Last week, Beijing opened all manufacturing sectors to foreign investment, and started pilot programs to attract foreign investment in the medical sector. This came at a time when foreign investment continues to find challenges in the market.

Chinese and Italian companies have recently signed agreements in the solar, wind, and EV sectors, following Italian Prime Minister Giorgia Meloni's China trip.

Nippon Steel's offer to buy U.S. Steel has generated controversy in the U.S., in part due to Nippon's connections with Chinese producer Baosteel. In the midst of a national security investigation of the U.S. Steel purchase, Nippon has now severed this China tie.

A proposed rule issued by the U.S. Treasury Department provides additional details on an Executive Order issued by President Biden last year relating to U.S. investment in China in several sectors with a close connection to the development of military technology.