OrangeCLK

[OrangeCLK @OrangeCLK]

https://t.co/rsjJAZohL6

[Zhuo Chen | Katrina @SouthernM46171]

Caixin's @caixin piece on this is worth reading slowly, and to my mind one of the best explanations of the new rule to come out of China. Setting the examples aside, here is what is most worth watching in the regulation itself, including the parts that are easy to miss.

1. It is China's first dedicated, top-level law on outbound investment. Rules that were scattered across several ministries are now consolidated into a single administrative regulation with real legal force, which lifts the whole area from departmental practice to national law. This is the step a maturing system takes once the activity it governs grows large enough to need one clear rulebook.

2. The framework now covers individuals, not only companies. Personal offshore investment, and the red-chip and VIE structures behind many Chinese tech firms, used to be handled piecemeal, mostly through foreign-exchange registration. Bringing them into one framework closes a long-standing gap and gives investors a single set of rules to follow.

3. It covers technology, not only money and equity. Licensing core technology, sending engineers, giving cross-border technical guidance, training staff abroad and building offshore R&D can now be assessed. The aim is to keep controlled key technology from being moved out through indirect routes that the old, equity-focused rules never reached.

4. National security review becomes a standalone safeguard. It used to be one consideration folded into the approval; now it is a dedicated review run jointly by several ministries, so security questions are weighed on their own terms. For projects touching key technology, important data, strategic resources or critical industries, that review applies in its own right.

5. Oversight now runs the full length of an investment, before, during and after, and it follows the money through. It also covers reinvestment by entities already based offshore, which closes the gap where setting up abroad first used to sit outside the rules. The point is a complete framework with no blind spots.

6. Its center of gravity is protective and inward-facing. Where American-style review is mainly about cutting off money to a rival's industries, this rule is more about safeguarding China's own strengths, rare earths, battery technology, manufacturing know-how, from leaving the country. Protecting core capabilities that took decades to build is something every major economy does.

7. It includes countermeasures, and they are defensive by design. The rule connects to China's anti-sanctions and foreign-trade laws, giving Beijing a clear legal basis to respond when its companies face discriminatory or extraterritorial measures abroad. It also lines outbound investment up with export controls and data security, so the parts of the system work together.

8. A good deal of the detail is still to come, and that is deliberate. The catalogs of encouraged, restricted and prohibited industries, the specific rules for individuals, and the security-review procedures will follow. The framework and its direction are set, and the operational detail is being built on top of it.

One last thing. It is easy to read this as a wall going up. The more accurate read is that China, now the world's third-largest outbound investor, is doing what every major economy has already done, putting clear and unified rules around capital that used to move under scattered departmental notices. Openness on this scale needs a framework to hold its shape, and that is what this rule builds.

#China #USChina #Trade #ODI #SupplyChain

[OrangeCLK @OrangeCLK]

烈日无荫，极端高温正威胁足球新星 https://t.co/iiV8tlOhv0

[OrangeCLK @OrangeCLK]

英国学生遇害案引发激辩，警方被指对白人受害者存在偏见 https://t.co/QhCFe52pZE 来自 @ChineseWSJ

[OrangeCLK @OrangeCLK]

Florida’s attorney general sued OpenAI and Sam Altman, claiming the company and its chief executive knowingly released an unsafe product and ignored warnings that it could harm users https://t.co/27jYGaFedp 来自 @WSJ

[OrangeCLK @OrangeCLK]

https://t.co/g35jVjezzN

[OrangeCLK @OrangeCLK]

Citing 'severe' math deficits, UC faculty demand a return to SAT tests for STEM applicants https://t.co/T5RjAUv1lc

[OrangeCLK @OrangeCLK]

https://t.co/5LI04ALLRC

[Bloomberg @business]

The windfall earned by Asian chip makers is coursing through the world economy, mirroring on a global scale the circular flow of money within the AI ecosystem https://t.co/BTlbWMNSHx

[Zichen Wang @ZichenWanghere]

有名有姓的专家学者机构的高质量的分析，看不过来，或者觉得都一样，或者看不懂，总是找一些乱七八糟狗屁不通的信息来源，总觉得后面有高人，民间高手，或者有什么特别神奇的来源，就是特别奇怪的一种思考方式

[OrangeCLK @OrangeCLK]

@foxshuo https://t.co/vbGjsRkVLe

[OrangeCLK @OrangeCLK]

@9hills @kevinma_dev_zh Claude Code可以主动不兼容别的模型

[OrangeCLK @OrangeCLK]

https://t.co/mhcGE8WiFa

[OrangeCLK @OrangeCLK]

@mranti 确实是不太行，GLM 系列我觉得还要更好一些。

[Fenng @Fenng]

虽然这句话打击面有点广，会有误伤，但大抵如此。比如那些喷公众平台不够开放的，基本是他娘的搞灰产的。如果对他们足够友好，那整个平台就会变成垃圾场。

[OrangeCLK @OrangeCLK]

@wong2__ 有没有觉得Cursor比Claude Code好用？

[OrangeCLK @OrangeCLK]

Reed Hastings to step down from Netflix board https://t.co/vdEfiYuvUR

[OrangeCLK @OrangeCLK]

超大规模裁员的时代到来了吗？ https://t.co/v2Z5VdFdac 来自 @ChineseWSJ

[[email protected] @HaskRay]

The --font-anthropic-serif CSS variable on https://t.co/Av5LEPO3Dt lists CJK fonts in the order: Japanese→ Traditional Chinese → Simplified Chinese .
If Yu Gothic is installed, the Chinese text will render with incorrect, Japanese-variant glyphs and a mismatched weight.

[OrangeCLK @OrangeCLK]

同样三轮对话，财新与豆包的对比。上下文管理、张冠李戴、信息混淆、信源质量。