China sweetened an offer to open its cloud-computing sector to foreign companies, in a bid to forge a trade deal after US negotiators rejected an earlier proposal as inadequate, said the Wall Street Journal.
During last week’s trade talks in Washington, Chinese negotiators led by Vice Premier Liu He revised an earlier offer on cloud-computing access, proposing to issue more licenses that businesses need to operate data centers and to lift the 50% equity cap that limits ownership for certain foreign cloud-service providers, said Wall Street Journal sources.
The US and China are trying to nail down remaining sticking points as they try to come to final agreements; Treasury Secretary Steven Mnuchin said that the two sides have agreed to set up enforcement offices to monitor compliance with an eventual deal, suggesting progress on one stumbling block.