Registration was successful!
Please follow the link from the email sent to

US Accusations of Intellectual Property Theft 'Groundless, Untenable' - Beijing

© AP Photo / COLOR CHINA PHOTOA man stands near a poster depicting a mural of U.S. President Donald Trump stating that all American costumers will be charged 25 percent more than others starting from the day president Trump started the trade war against China, on display outside a restaurant in Guangzhou in south China's Guangdong province.
A man stands near a poster depicting a mural of U.S. President Donald Trump stating that all American costumers will be charged 25 percent more than others starting from the day president Trump started the trade war against China, on display outside a restaurant in Guangzhou in south China's Guangdong province. - Sputnik International
Subscribe
BEIJING (Sputnik) - The US allegations of Beijing stealing intellectual property has no factual grounding, according to a white paper on US-Chinese trade and economic consultations published by China's State Council on Sunday.

"China resolutely opposes forced technology transfer and is taking decisive measures against theft of intellectual property. Accusations of forced technology transfer against China are groundless and untenable," the document said.

China, however, welcomes and respects voluntary cooperation in technology between Chinese and foreign companies, which are based on market principles, according to the white paper.

READ MORE: Russia, China to Boost Energy, Agricultural Trade Due to US Trade War — Scholars

"China's economic development has benefited from international transfer and spread of technology. Owners of these technologies have also benefited from this process," Beijing added, arguing that historical records confirmed that the country’s achievements in science and technology had not been stolen or forcibly taken from others but achieved thanks to the country's own efforts and hard work.

Finally, the document stressed that China, guided by relevant international rules, had created legislation to protect intellectual property rights.

FILE - In this Nov. 9, 2017 file photo, an American flag is flown next to the Chinese national emblem during a welcome ceremony for visiting U.S. President Donald Trump outside the Great Hall of the People in Beijing - Sputnik International
Cooperation Only Right Choice to Solve US-China Trade Dispute – White Paper
The latest round of the US-Chinese trade talks ended in mid-May without an agreement. The United States then claimed that Beijing had broken the deal and swiftly increased duties from 10 percent to 25 percent on Chinese imports worth about $200 billion. Beijing retaliated by hiking tariffs on $60 billion worth of US imports starting from June 1.

For nearly a year, the two countries have been entangled in a trade war, with Washington accusing Beijing of technology theft and other unjust trade practices to advance its high-tech sector and to build military and economic capabilities. Last year, the United States even filed a relevant appeal with the World Trade Organisation.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала