China says U.S. demand on its state-owned enterprises is 'invasion' on economic sovereignty

[Eugene]

Source: Reuters

BUSINESS NEWS MAY 25, 2019 / 12:34 PM / UPDATED 7 HOURS AGO

China says U.S. demand on its state-owned enterprises is 'invasion' on economic sovereignty

BEIJING (Reuters) - The United States has called on China to curb the development of its state-owned enterprises (SOEs), a demand that China sees as an “invasion” on its economic sovereignty, Chinese state news agency Xinhua said on Saturday.

Trade tensions between Washington and Beijing escalated sharply earlier this month after the Trump administration accused China of having “reneged” on its previous promises to make structural changes to its economic practices.

Washington later slapped additional tariffs of up to 25% on $200 billion of Chinese goods, prompting Beijing to retaliate.

As trade talks stalled, both sides have appeared to be digging in. China has denied it had walked back on its promises but reiterated it would not make concessions to “matters of principles” to defend its core interests, although no full details were given.

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Read more: https://www.reuters.com/article/us-usa-trade-china/china-says-u-s-demand-on-its-state-owned-enterprises-is-invasion-on-economic-sovereignty-idUSKCN1SV0I7

[Kurt V.]

1. Obviously some plan is needed to get a better trade balance with china.

but could you imagine if china gets tired of this trade war and decides to ignore every patent.

[at140]

3. China will not escalate trade war!

Millions of manufacturing jobs in China depend on exports to United States.
What China will do is prolong trade negotiations until Trump is out of office.
Chinese have patience in spades, Americans do not.

[Kurt V.]

4. oh i agree. but the ace they have in pocket is being ignored. Imagine Microsoft being

open sourced.

[msongs]

2. china will cut off trump's hat supply so watch out donald nt