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China blocks SoftBanks $5.4 billion ABB robotics deal: How Beijing is tightening its grip on strategic technologies

China has blocked SoftBanks $5.4 billion acquisition of ABBs robotics business, citing concerns over strategic technology and data security. The move follows Beijings decision to unwind Metas $2 billion-plus acquisition of AI startup Manus, signalling tighter scrutiny of foreign investments.