onsdag 21. november 2018

Trump administration alleges China hasn't 'altered' unfair trade practices

The Trump administration on Tuesday continued to ratchet up pressure on China, releasing an updated report showing Beijing has done little to fix its unfair practices less than two weeks before the leaders of the two economic superpowers plan to meet.

The 50-page report by the Office of the Trade Representative concluded that China has "not altered" its policies and practices tied to technology transfers, intellectual property and innovation as part of the US government's ongoing investigation launched last August. The Trump administration has been urging Beijing to address those top concerns as part of its on-and-off-again trade negotiations. Instead, the country's top trade official warned that China "appears to have taken further unreasonable actions in recent months," including continuing to apply strict restrictions on foreign investment as a way to pressure US companies to transfer technology to Chinese firms.