Economics
China Pledges Action on Tech Transfer as Trump Plans Tariffs
- Premier Li Keqiang says there can be no winner in trade war
- White House is said to plan $60 billion tariff hit soon
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China made further promises to protect the intellectual property of foreigners investing in its economy, addressing a long-standing grievance as U.S. President Donald Trump plans new tariffs aimed at Beijing.
Speaking Tuesday at the end of the annual National People’s Congress, Premier Li Keqiang said that China wants to avoid a trade war and that the government plans to further open the manufacturing sector -- and that it won’t force foreign companies to transfer technology to domestic ones while doing so.