China says it will retain interests if U.S. will harm trade Joint
The Ministry of Commerce said, "China will take action to retain its interests if the United States harms trade joint". The statement was out on Tuesday. U.S. President Donald Trump called an inquiry into China's so-called theft of intellectual property.
Trumps First move:
This was the Trump's first move that was directly made trade measure by his administration against China. At the time of rough tension over North Korea's nuclear desire it is unlikely to eager near-term change in commercial joints.
U.S. Trade Representative Robert Lighthizer have one year to look into whether to have a formal inspection of China's policies on intellectual property or not. Which the White House and U.S. industry groups say are harming U.S. businesses and jobs.
China Ministry Statement:
One of the people from China’s Ministry of Commerce said in a something about US. The United States should respect major facts, act carefully, stand by its World Trade Organization pledges. Thus, told not to erase principles of multilateralism.
"If the U.S. side avoid the facts, and will not respect multilateral business principles in taking actions that harms both sides business interests, China will absolutely not sit quite and watch it, will surely adopt all correct measures, and resolutely secure China's legal rights."
The ministry said the US should "wealth" the cooperation and favorable state of China-U.S. business relations, and gave a warning that any U.S. action to damage joints would "harm both side’s business relations and companies". The ministry also added a statement that "China was strengthening its administrative and legal protections for intellectual property".
China's rules of forcing foreign companies turn technology to Chinese joint venture partnership. The next, failure to crack down on intellectual property steal have been far long issues for several U.S. administrations. Hence Intelligence on China business rules said the long lead time could allow Beijing to discuss some of the issues related to Washington without looking to the cave to pressure under the danger of reprisals.
China over again and again polished their attempts by previous U.S. Management to take action on its IP practices, and has hold it protects intellectual property.
"The president's executive order reflects building tension with Chinese business and market entry rules. Particularly those that pressure American industry to part with technologies and intellectual property in exchange for market access," he said.