How China has responded to US unhappiness

Chinese Premier Li Keqiang . Picture: GETTY IMAGES/ANDREA VERDELLI

So just how much has China done since the two began locking horns in 2018 over trade and technology? China analysts say the pace of market-driven change has quickened slightly as a result of US President Donald Trump’s trade war.Forty percent of European companies say China has improved market access, according to a business confidence survey by the European Chamber of Commerce in China published in May.

An amendment to the Trademark Law in April that increased compensation for infringements “got at specific issues of concern for foreign companies”, said AmCham. An intellectual property appeals mechanism introduced at the Supreme People’s Court level was also positive. A new foreign investment law scheduled to take effect in 2020 will ban administrative agencies from forcing technology transfers. It also includes the possibility of criminal penalties for officials who disclose or leak trade secrets gleaned from regulatory approvals. The law was approved in March after just a matter of months, a process that usually takes years.

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