China’s NDRC flexes new regulatory power, orders Meta to unwind Manus AI deal
China’s National Development and Reform Commission has ordered Meta to unwind its $2 billion Manus AI acquisition, signaling Beijing’s expanded use of the NDRC as a central regulator over security-sensitive tech and marking a new phase in China’s tech governance akin to a domestic CFIUS, with broader implications for cross-border deals, supply chains and AI strategy amid US-China tensions.