China Considers Law on Forced Tech Transfers

Chinese local media recently reported that Beijing is considering a new foreign investment law that would make the practice of forced tech transfers illegal.

 

News outlet Caixin said that the draft law will prohibit local governments from forcing foreign businesses to transfer technology or illegally restricting their market access.

 

It is said that the draft law is China’s response to Washington’s complaints on the way Beijing treats foreign companies looking to do business in the country.

 

Source: CNBC