China Won't Concede to U.S. on Digital Trade Curbs, FT Reports
- U.S. deemed China’s initial offer inadequate, wanted more
- China retracted digital trade offer after U.S. demands
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China is refusing to concede to U.S. demands that it ease curbs on digital trade, the Financial Times reported, citing three people briefed on the talks.
China has yet to offer significant concessions on U.S. requests that it end discrimination against foreign cloud computing providers, curb requirements for companies to store data locally, and loosen limits on the transfer of data overseas, according to the report.