China has decided to offer foreign technology firms better access to the country’s growing cloud-computing market as a compromise in a tech sector that the US wants opened as part of a trade deal, said the Wall Street Journal.
Premier Li Keqiang disclosed the proposal to allow trial operations for foreign cloud-service providers at a meeting with corporate chieftains, including those from International Business Machines Corp., Pfizer Inc., Rio Tinto PLC, BMW AG and Daimler AG.
The plan is part of a package of offers on technology-related issues that Chinese negotiators are expected to discuss with their US counterparts during high-level meetings scheduled for this week, said Wall Street Journal sources.