Beijing's proposed law could help defuse US-China trade tensions, say analysts

This new law comes as the US has accused China of unfair trade practices, which include intellectual property theft as well as forced technology transfers through the joint ventures that foreign companies are required to set up with their local partn
This new law comes as the US has accused China of unfair trade practices, which include intellectual property theft as well as forced technology transfers through the joint ventures that foreign companies are required to set up with their local partners. PHOTO: AFP

China has proposed to pass a law to ban forced technology transfers and illegal government "interference" in foreign companies, an issue at the heart of its trade war with the United States.

A draft foreign investment law was reviewed by the standing committee of the National People's Congress, China's Parliament, at a bimonthly session which started on Sunday. The full text of the draft was published yesterday by the top legislature for public consultations until Feb 24.

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A version of this article appeared in the print edition of The Straits Times on December 28, 2018, with the headline 'Beijing's proposed law could help defuse trade tensions, say analysts'. Print Edition | Subscribe