China Tech & Industry Official Wants US as Clean Tech, Pharma Partner

Following a trade war that began with Section 301 tariffs due to unfair trade practices and intellectual property theft, any officially sanctioned partnering of American companies with China on key future tech – be it battery-powered cars or new medication – would be an own goal for the Biden Administration. Xiao Yaqing, China’s Minister of Industry and Information Technology, made the comments about partnering up with the US during a conference call with the chairman of the US-China Business Council, according to a statement posted on the ministry’s official WeChat account.