China's Tech Trade Polices Continued Concern, Says USTR Report
China’s trade practices “in several specific areas,” especially forced technology transfer and the Made in China 2025 industrial program, continue to “cause particular concern” for U.S. “stakeholders,” the Office of the U.S. Trade Representative reported. Made in China 2025 “seeks…
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to build up Chinese companies in 10 targeted sectors "at the expense of, and to the detriment of, foreign industries and their technologies,” said Friday’s report. The program’s “initial goal” is to “ensure, through various means, that Chinese companies develop, extract or acquire their own technology, intellectual property and know-how and their own brands,” said USTR. Its ultimate goal is “to capture much larger worldwide market shares” in China’s targeted “strategic sectors,” said the office. U.S. and Chinese negotiating teams, trying to hammer out a comprehensive trade agreement, continue “to make progress during candid and constructive discussions on the negotiations and important next steps,” said the White House Friday. Talks continue this week in Washington. "Building on the substantive progress achieved," China hopes the two sides "can continue to work with concerted efforts, meet each other halfway, implement the importance consensus reached by the two presidents, and make attempts to ensure a mutually beneficial agreement,” said a Foreign Ministry spokesperson Monday.