US accuses China of continuing IP theft amid trade war

Marco Green
November 21, 2018

U.S. Vice President Mike Pence, visiting Papua New Guinea for President Donald Trump, criticized China for its unfair trade practices while Chinese President Xi Jinping took aim at Trump's "America First" trade agenda, saying protectionism hurts global growth. 1 Group of 20 summit in Buenos Aires. "I and many others will be there and we will see how it turns out".

It's got to stop the forced transfer of technology.

In the report the USA accused China of continuing a state-backed campaign of cyber-attacks on American companies that were both intensifying and growing in sophistication.

China's Ministry of Commerce didn't immediately respond to a faxed request for comment on the matter.

The report accused China of responding to the US government's concerns over its "Made in China 2025" policy to lead the world in sectors such as artificial intelligence and robotics by waging a propaganda campaign to play down its significance rather than making substantive changes.

The trade chief made the statement in conjunction with a 53-page update his office released on a report on its investigation into China's intellectual property practices under Section 301 of the 1974 Trade Act.

So far, the USA has imposed three rounds of tariffs on Chinese goods, totalling more than $250bn (£195.5bn).

China's former top trade negotiator has questioned its strategy in the row with the United States, suggesting a policy disagreement in the Communist country. "In particular, Chinese [venture capital] investment in US technology centers such as Silicon Valley has intensified in recent months", its authors wrote.

Their meeting will be closely watched for any progress on resolving the bitter trade dispute.

"We completed this update as part of this administration's strengthened monitoring and enforcement effort", Lighthizer said in a statement.

The comments come along with an announcement that China's chief USA trade negotiator, Vice-Premier Liu He, will be making a trip to Germany before heading to the G-20. "That will eventually set the tone", Wang said.

Earlier in the day, speaking on a televised interview with Fox Business channel, Kudlow warned that China would have to agree to significant policy changes to make a trade deal possible. You're not going to get a deal unless it suits American interest.

Other reports by Click Lancashire

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