China's economic planner stated the country's door remains open to foreign tech investment, despite blocking Meta's proposed acquisition of AI startup Manus. Officials denied pressuring domestic firms.

China’s top economic planner denied pressuring domestic tech companies to turn down foreign investment amid rising concerns sparked by its recent blocking of Facebook owner Meta Platforms’ proposed buyout of Chinese-founded AI start-up Manus. “We have never required Chinese tech firms not to accept foreign investment,” Li Chao, spokesman for the National Development and Reform Commission (NDRC), said at a press conference on Friday. “We support Chinese firms to integrate into the global...