In unusual step, China's ceremonial legislature is due to endorse a law meant to help end bruising tariff war with Washington by discouraging officials from pressuring foreign companies to hand over technology.
FILE - In this March 19, 2018, file photo, delegates look at their ballots during a plenary session of China's National People's Congress at the Great Hall of the People in Beijing. In an unusual step, China’s ceremonial legislature is due to endorse a law meant to help end a bruising tariff war with Washington by discouraging officials from pressuring foreign companies to hand over technology.
A gathering of noncommunist groups held at the same time brightens Beijing’s drab winter, drawing tech billionaires, movie stars and ethnic minorities in distinctive traditional dress. Trump cited complaints Beijing steals or pressures companies to hand over technology when he slapped punitive tariffs on $250 billion of Chinese imports in July. Europe, Japan and other trading partners disapprove of the tariff hikes but echo U.S. complaints.
The congress opens Tuesday with an annual “work report” on government plans by Premier Li Keqiang, the No. 2 ruling party leader behind Xi and China’s top economic official. “I think the complaints have been reflected in the revision of the law,” said Citigroup economist Li-Gang Liu. It was unclear whether the vaguely worded measure would appease Trump. The American Embassy in Beijing said it had no comment.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pompeo: US to make sure China can't blockade South China SeaMANILA, Philippines (AP) — U.S. Secretary of State Mike Pompeo says the United States is committed to ensuring the South China Sea remains open to all kinds of navigation and that 'China does not...
Read more »
Russia, China veto US push for UN action – Venezuela crisisUS was among the first countries to recognise opposition leader Juan Guaido as legitimate leader, arguing President Nicholas Maduro's May 2018 re-election was a sham. Maduro accuses Guaido of being a coup-mongering puppet for US President Trump.
Read more »
The yuan belongs in a U.S.-China trade pactWashington might ask Beijing to formally pledge not to devalue its currency. China says a weaker yuan is not in its interests, which might be true. But past manipulation distorted the U.S. economy, and could happen again. A deal without a currency clause will be flawed.
Read more »
U.S. agencies vow closer scrutiny of China-funded learning centersU.S. agencies on Thursday promised stricter monitoring of China-funded Confucius...
Read more »
A heated battle between the US and China played out at the world's biggest mobile eventA drama played out between American officials and Chinese tech giant Huawei at Mobile World Congress in Barcelona this year.
Read more »
U.S. in race with China, Russia for UFO technology, former Senate majority leader suggestsFormer Democratic Senator Harry Reid wants the U.S. to obtain UFO technology before China and Russia.
Read more »
U.S. companies adapt to 'endless' China tariffsU.S. manufacturers are accelerating their shift out of China, coming to terms wi...
Read more »
U.S. Trade Representative issues notice on delay of China tariff increaseThe United States Trade Representative's office (USTR) has released languag...
Read more »
Trump says he's asked China to 'immediately' remove all tariffs on US agricultural productsTrump said in a pair of tweets Friday evening that he made the request 'based on the fact that we are moving along nicely with Trade discussions.'
Read more »
Trump asks China to remove all agricultural tariffs on USPresident Donald Trump asked China in a tweet Friday to lift all of its tariffs on American agricultural products, pointing to his decision to delay a second round of tariffs and to improving trade relations with China.
Read more »