It’s up to Trump to break the standstill in US-China trade war, says advisor to Beijing

cnbc | September 03, 2019

It’s up to Trump to break the standstill in US-China trade war, says advisor to Beijing
It’s up to U.S. President Donald Trump to end the stalemate in the trade war and reach a deal with China, said Wang Huiyao, an advisor to the Beijing government. China has already taken “all efforts” — including passing a new foreign investment law in March — to address some concerns that the foreign business community complained about, said Wang, the founder and president of Beijing-based think tank, Center for China and Globalization. The new law prohibits forced transfer of technology from foreign-invested businesses in China and steps up protection of intellectual property, Wang told CNBC’s “Squawk Box” on Tuesday. He said that it also gives overseas companies equal footing with domestic players — which addresses “exactly the concerns of the U.S. administration.”

Spotlight

The U.S. Chamber of Commerce is the world's largest business federation representing 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations. More than 96% of U.S. Chamber members are small businesses with 100 employees or fewer. Small businesses account for three-quarters of all new jobs in this country and embody the spirit of innovation, entrepreneurship and individual initiative.

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Spotlight

The U.S. Chamber of Commerce is the world's largest business federation representing 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations. More than 96% of U.S. Chamber members are small businesses with 100 employees or fewer. Small businesses account for three-quarters of all new jobs in this country and embody the spirit of innovation, entrepreneurship and individual initiative.