The flags of China, US and the Chinese Communist Party are displayed in a flag stall at the Yiwu Wholesale Market in Yiwu, Zhejiang province, China. File photo/Reuters
The United States has “fabricated” accusations that China forces firms to hand over technology in exchange for market access, China’s top Communist Party newspaper said on Saturday, the latest salvo in a bitter trade war.
China announced this week it would retaliate against a move by Washington to raise tariffs on $200 billion of Chinese imports amid complaints Beijing had done little to resolve US concerns about the theft of intellectual property and the forced transfer of technology to Chinese firms.
The People’s Daily said in an editorial China had never forced US firms to hand over technology and the claim was “an old-fashioned argument used by some people in the United States to suppress China’s development.”
“The US argument about the ‘forced transfer of technology’ can be described as being fabricated from thin air,” it said. The United States had not yet been able to provide any evidence to back up the claims, the editorial said.
It said the United States benefited substantially from voluntary technological cooperation, earning $7.96 billion in intellectual property use fees in 2016 alone. Washington’s “fragile nerves” were caused by China’s own rapidly growing research and development capabilities, the paper said.
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