China says it supports law-abiding transnational deals after reports of Meta deal review

China's commerce ministry said it will support companies with transnational operations and technology cooperation deals 'according to needs and the law.' The statement signals a supportive, pro-deal stance for cross-border tech partnerships and multinational supply-chain activities, but contains no new measures or figures and is unlikely to move markets materially in the near term.

Analysis

China's commerce ministry said it will support companies with transnational operations and technology cooperation deals 'according to needs and the law.' The statement signals a supportive, pro-deal stance for cross-border tech partnerships and multinational supply-chain activities, but contains no new measures or figures and is unlikely to move markets materially in the near term.