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Montevideo, June 18th 2019 - 05:00 UTC

Beijing replies to the US via the official media: Washington has “fragile nerves”

Saturday, May 18th 2019 - 08:26 UTC
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The People's Daily said China had never forced U.S. firms to hand over technology and the claim was ”an old-fashioned argument used by some people in the US 
The People's Daily said China had never forced U.S. firms to hand over technology and the claim was ”an old-fashioned argument used by some people in the US

The United States has “fabricated” accusations that China forces firms to hand over technology in exchange for market access, China's top Communist Party newspaper said on Saturday, the latest salvo in a bitter trade war.

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

The People's Daily said in an editorial China had never forced U.S. firms to hand over technology and the claim was “an old-fashioned argument used by some people in the United States to suppress China's development”.

“The U.S. argument about the 'forced transfer of technology' can be described as being fabricated from thin air,” it said. The United States had not yet been able to provide any evidence to back up the claims, the editorial said.

It said the United States benefited substantially from voluntary technological cooperation, earning US$ 7.96 billion in intellectual property use fees in 2016 alone. Washington's “fragile nerves” were caused by

China's own rapidly growing research and development capabilities, the paper said.

The increasingly acrimonious dispute between the world's top two economies has rattled investors and roiled global markets. The United States said negotiations were likely to resume soon but China said no fixed date had been set yet and Washington needed to show sincerity in any new round of talks.

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  • :o))

    Besides the fragile ”NERVES”, the democracy too is fragile - considering:
    1º: A well-known racketeer is elected to be a president
    2º: He can't be kicked out by the populations even after his rackets+scandals are/were legally proven!

    May 22nd, 2019 - 01:32 pm 0
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