China should take “self-defence measures” against U.S. tariffs by
offering subsidies to companies and industries that may suffer losses
from trade friction, the Chinese state-run tabloid Global Times said on
Wednesday.
Chinese technology firms, in particular, could be treated unfairly
and “become the victims of Trump’s trade war”, the newspaper said.
The United States is due to unveil restrictions on foreign investment in U.S. technology companies on Friday, and President Donald Trump said they would not be confined to China.
The U.S. administration says China has misappropriated U.S. intellectual property through joint-venture requirements, unfair licensing policies and state-backed acquisitions of U.S. technology firms, accusations that China denies.
China, which has pledged to further open up its economy this year, might additionally adjust its policies due to economic uncertainty arising from the trade friction, the Global Times said.
The newspaper’s stance does not necessarily reflect Chinese government policy.
China will assess the potential impact of the expected U.S. investment restrictions on Chinese companies, the commerce ministry said in a statement on Wednesday.
Beijing is expected to issue a new “negative list” this week, setting out which sectors are open to foreign investors, which are open with conditions and which are shut. It was first drawn up in 1995, and had been revised seven times.
The United States is due to unveil restrictions on foreign investment in U.S. technology companies on Friday, and President Donald Trump said they would not be confined to China.
The U.S. administration says China has misappropriated U.S. intellectual property through joint-venture requirements, unfair licensing policies and state-backed acquisitions of U.S. technology firms, accusations that China denies.
China, which has pledged to further open up its economy this year, might additionally adjust its policies due to economic uncertainty arising from the trade friction, the Global Times said.
The newspaper’s stance does not necessarily reflect Chinese government policy.
China will assess the potential impact of the expected U.S. investment restrictions on Chinese companies, the commerce ministry said in a statement on Wednesday.
Beijing is expected to issue a new “negative list” this week, setting out which sectors are open to foreign investors, which are open with conditions and which are shut. It was first drawn up in 1995, and had been revised seven times.
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