The framework, which takes effect Jul 1, provides a comprehensive and formalised legal basis for China to force the unwinding of completed overseas transactions. BEIJING: China issued sweeping new rules on Monday (Jun 1), tightening control of overseas deals that involve Chinese investors , technology, data and national security, ​a month after Beijing ordered Meta to unwind its acquisition of AI startup Manus. The regulations, published by the State Council, or cabinet, seek to influence deals