China Denies Accusations of Stealing U.S. Intellectual Property

The U.S. accusation that China is continuing a state-backed campaign of intellectual property and technology theft is based on hearsay and ignores reality, China’s Ministry of Commerce spokesman Gao Feng said at a press conference on Thursday.

China is very concerned about the report released by U.S. Trade Representative Robert Lighthizer’s office, and totally rejects the section 301 probe it’s based on, Gao says.

Key Insights

The question of intellectual property is at the root of the dispute between the U.S. and China, and there doesn’t seem to be any route to ending the trade war without solving the issue. ...