US, China Argue Over “Technology Transfer” at WTO

Chinese and US envoys had reportedly clashed at the World Trade Organization last Monday over statements by US president Donald Trump accusing China of stealing ideas from American companies.

U.S. Ambassador Dennis Shea said that China’s laws are forcing US companies to share technology if they want to do business, and the government can also exploit vague investment rules to force technology transfer requirements.

China meanwhile rejected the accusations and said that nothing in their regulatory measures compel foreign companies to undergo a technology transfer.  

Source: CNBC

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