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New Law to Curtail Forced Tech Transfers

China has made efforts to prevent the forced transfer of technology and protect the intellectual property rights of foreign investors by submitting a draft law for Chinese legislators’ review, reports People’s Daily. Amidst the current trade war, the new law could address a topic that’s been central to United States’ concerns, with Minister of Justice Fu Zhenghua […]

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Brief Politics & Society Tech, Media & Telecom

China rejects accusations of cyber theft

China has denied taking part in any theft of western commercial secrets from the United States and the United Kingdom, while demanding that the cyber security charges that were taken against two Chinese nationals be dropped, reports the Financial Times. Beijing has appealed to the US and UK to “respect the truth; stop deliberately slandering China, to prevent […]

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Brief Economics & Trade Law & Regulation Politics & Society

US and allies rebuke Chinese cyber espionage attempts

US prosecutors have charged two Chinese nationals tied to Beijing’s top spy network with stealing sensitive data from US government agencies and major global businesses.   The two individuals, Zhu Hua and Zhang Jianguo, are alleged to have carried out hacking attacks on the US Navy, NASA and the US Energy Department. Sources also told […]

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Banking & Finance Brief Economics & Trade Investment Politics & Society Transport & Logistics

US warns multilateral banks of growing Chinese influence

  Senior officials from the US Treasury have raised the alarm that multilateral institutions such as the World Bank are at risk of being undone by subversive and predatory behaviour from Beijing, the Financial Times reports. Top Treasury official on international affairs David Malpass said at a congressional hearing that China has made “substantial inroads” […]

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Brief Economics & Trade Investment Politics & Society Transport & Logistics

World Bank cuts China 2019 growth forecast to 6.2%

Economic growth in the world’s second-largest economy is poised to slow to 6.2% next year from 6.5% at the end of this year, according to a report by the World Bank, as the drag from China’s economic concerns becomes clearer in coming quarters.   “Looking ahead, China’s key policy challenge is to manage trade-related headwinds […]