The Chinese communist regime’s economic planning agency said on April 27 that it had blocked foreign investment in Meta’s proposed acquisition of AI startup Manus.
The National Development and Reform Commission said it had “made a decision to prohibit foreign investment in the Manus project” and ordered the parties involved to withdraw the transaction.
The decision was made by the commission’s Office of the Working Mechanism for Security Review of Foreign Investment in accordance with the Chinese laws and regulations, the statement said. No further explanation for the decision was given.
The announcement was made less than three weeks before U.S. President Donald Trump is scheduled to meet with Chinese regime leader Xi Jinping in Beijing in May, a trip the White House confirmed last month….
Chinese Regime Blocks Meta’s Planned Acquisition of AI Startup Manus
