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History of trade of the People's Republic of China - Wikipedia
Log in Username. Remember me Lost password? In-house counsel? Here is a clear attempt to translate those concerns into legislation,'" McGinty said. But the trade tensions are wider than that.
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They're historical. Following increasing frustration by foreign businesses about their ability to compete fairly with Chinese companies, the U.
Under U. President Donald Trump , the rhetoric about the spat initially focused on the American trade deficit with China. In the last several months, the negotiations between both sides have increasingly centered on issues of intellectual property protection and claims of forced technology transfer. Little detail about progress on the talks has been made public. On Friday, Chinese state media said leaders of both trade delegations held a phone call in the morning Beijing time and made "substantial progress.
A few hours later, the symbolic gathering of delegates endorsed the new foreign investment law.meyrasellpest.tk
China’s Foreign Investment Law and US-China Trade Friction
It took just about three months from the time the NPC Standing Committee began soliciting comments on its first draft. The law is drafted in a pretty general way. Ross also noted the draft gave China the right to retaliate against a particular country for restricting Chinese companies there. Such a clause essentially reinforces the unequal footing that foreign and Chinese companies have in accessing each others' countries.
In all, for foreign businesses already eyeing opportunities to profit off the world's second-largest economy, the law does give them more incentive to enter China, Ross said: "It is moving in a good direction. It doesn't go nearly far enough. Sign up for free newsletters and get more CNBC delivered to your inbox.
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- China’s Foreign Investment Law and US-China Trade Friction.
Beijing's largely symbolic National People's Congress ended Friday with a ceremonial endorsement of a law that addresses specific issues the foreign business community has long complained about, such as intellectual property protection. Critics say the law is too general in nature and was rushed through without enough time for incorporating thoughtful commentary from foreign businesses and related organizations. VIDEO Power Lunch.