2018-06-08

China Hopes to Avoid Trade War

21st Century: 商务部:中美经贸磋商细节尚待双方最终确认 不希望贸易摩擦升级
The spokesman of the Ministry of Commerce stated at the peak that from June 2 to 3, the economic and trade team of the two countries held frank and in-depth consultations in Beijing, especially in the areas of agricultural products and energy. China is willing to expand imports from the United States on the premise of being mutually beneficial. This will also help meet the needs of the Chinese people for a better life and the need for high-quality economic development.

In response to the US’s list of goods that will be announced before June 15 to impose tariffs on China, the Chinese side stated that all the achievements reached in the Sino-U.S. consultations are based on the premise that the two parties are facing each other and do not fight the trade war. If the United States introduces trade sanctions including the increase of tariffs, all the economic and trade achievements negotiated by the two parties will not take effect.

Gao Feng said that the details of the Sino-U.S. economic and trade consultations are yet to be finalized by both parties.
China says it will crack down on intellectual property violations:
In terms of intellectual property protection, China is taking further action. Gao Feng pointed out that the Chinese government has always attached great importance to the protection of intellectual property rights and will continue to intensify its work in all aspects of legislation, judicature, and law enforcement.

“We will continue to step up efforts to crack down on infringement of intellectual property rights, increase the illegal costs of infringing intellectual property rights, and increase the protection of intellectual property rights of foreign-funded enterprises. When foreign-funded enterprises encounter problems in this respect, they can also pass through legal channels. Complaints are filed with the procedures. The Chinese government will protect the lawful rights and interests of foreign-funded enterprises in accordance with law," Gao Feng said.
If Trump takes this deal on agriculture and energy, is it more or less likely China actually follows through on intellectual property?

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