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 telling lawmakers that it will protect the intellectual property rights of overseas investors, encourage voluntary technology transfers but forbid forced transfers.
A national “negative list” system was also proposed, ensuring that investment from foreign investment in any areas not included on the list will be treated the same way as domestic investment. This guarantees that any supportive policies provided to domestic companies will be offered to foreign companies as well.