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

Spotlight

Related News