China gauging impact of U.S. report under Section 301

The U.S. has proposed to expand the list of high-technologies listed under Section 301 which bars their exports to countries that are deemed as unfriendly.

On Thursday, a spokesman from China’s Commerce Ministry stated, Beijing is in the process of evaluating the potential impact of the U.S. proposal to boost export controls on technology. China will take appropriate steps to uphold the legitimate interests of Chinese firms.

Earlier this week on Monday, the U.S. government has proposed stepping up of its scrutiny over technology exports in fourteen key tech areas including artificial intelligence and microprocessor technology.

Analysts are of the view that such measures are likely to have a significant impact on China.

The proposal, currently underway, has a 30-day public consultation period and is slated to end on December 19, according to a document published on the U.S. government’s Federal Register on Monday.

The U.S. move comes midst allegations of forced technology transfer by China, as well as theft of intellectual property by Chinese companies.

On Tuesday, the Trump administration had said China had failed to alter its “unfair” practices, which is at the core of the growing trade war between the two countries.

The U.S. Administration’s findings were issued in an update of the U.S. Trade Representative’s “Section 301” investigation into China’s intellectual property and technology transfer policies, which sparked U.S. tariffs on $50 billion worth of Chinese goods that later ballooned to $250 billion.

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Categories: Creativity, Economy & Finance, Entrepreneurship, Geopolitics, HR & Organization, Regulations & Legal, Strategy

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