Editorial China: Chinese Imports and Chinese Firms

editorial china: The U.S. argument about the forced transfer of technology' can be described as being fabricated from thin air, it said, according to The Japan Times. The United States had not yet been able to provide any evidence to back up the claims, the editorial said. China announced this week it would retaliate against a move by Washington to raise tariffs on 200 billion of Chinese imports amid complaints Beijing had done little to resolve U.S. concerns about the theft of intellectual property and the forced transfer of technology to Chinese firms. ; The People's Daily said in an editorial China had never forced U.S. firms to hand over technology and the claim was an old-fashioned argument used by some people in the United States to suppress China's development. It said the United States benefited substantially from voluntary technological cooperation, earning 7.96 billion in intellectual property use fees in 2016 alone. The increasingly acrimonious dispute between the world's top two economies has rattled investors and roiled global markets. Washington's fragile nerves were caused by China's own rapidly growing research and development capabilities, the paper said. (news.financializer.com). As reported in the news.