After Chinese Vice Premier Liu He’s (劉鶴) visit to the US that ended without a deal between the world’s two largest economies, he said that officials from both nations would meet again in Beijing, but made it very clear that China would not be willing to make any concessions on “important principles.”
The failure to produce an agreement was because China reportedly backed away from many of the commitments it had previously accepted, which included changes to its trade laws regarding the well-known Chinese practice of “forced technology transfers”: Foreign companies that wish to do business in China must partner with local companies and share their proprietary information.
