Maria Montero

China Says US Accusations About Surrender …

The United States has “fabricated” accusations that China is forcing companies to hand over technology in exchange for market access, the main newspaper of the Communist Party of China said on Saturday, the latest salvo in a bitter trade war.

China announced this week that it would retaliate against a move by Washington to increase tariffs on $ 200 billion on Chinese imports amid complaints. Beijing had done little to address US concerns about intellectual property theft and the forced transfer of technology to Chinese companies.

The People’s Daily said in an editorial that China had never forced US companies to hand over technology and that the claim was “an outdated argument used by some people in the United States to stifle China’s development.”

“The US argument about ‘forced transfer of technology’ can be described as made from the air,” he said. The United States has not yet been able to provide any evidence to support the claims, the editorial said.

He said the United States benefited substantially from voluntary technology cooperation, earning $ 7.96 billion in IP usage fees in 2016 alone. Washington’s “brittle nerves” were caused by research and development capabilities. China’s rapidly growing, according to the document.

The increasingly acrimonious dispute between the world’s two major economies has rattled investors and affected global markets. The United States said negotiations would likely resume soon, but China said a fixed date had not yet been set and Washington needed to show sincerity in any new round of talks.

The state news agency Xinhua accused the United States of pursuing world hegemony in a separate editorial published on Saturday, saying that Washington would suffer more from a trade war than China.

“In fact, compared to China, the United States is more dependent on foreign markets and international economic relations, and is more vulnerable to global economic crises,” Xinhua said.

“If the United States fuels trade disputes, it will affect the global market, and the consequences will inevitably suffer greater losses,” he said.

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