China lays out new rules for reviewing foreign investment on national security ground

BEIJING, Nov. 22, 2020 -- Chinese President Xi Jinping attends Session II of the 15th G20 Leaders' Summit via video link in Beijing, capital of China, Nov. 22, 2020. (Photo by Wang Ye/Xinhua via Getty) (Xinhua/Wang Ye via Getty Images)

China has drawn up new rules that will allow authorities to review foreign investment on national security grounds, the country’s state planning agency said on Saturday.

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The new review system will cover foreign investments in military sectors as well as “important” investment in energy, natural resources, agriculture, internet technology and financial services, the National Development and Reform Commission (NDRC) said.

The NDRC said the review system was in line with international practice and would help balance the economic benefits of further opening with the need to ensure national security.

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Last Update: Saturday, 19 December 2020 KSA 13:04 – GMT 10:04

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