A Major Breakthrough in US-China Trade Talks was Announced Yesterday in Beijing Concerning Forced Technology Transfers

The US-China Business Council said forced technology transfer requirements and investment restrictions that required joint ventures were a concern for many of its more than 200 member companies. Jake Parker, the group’s senior vice president told Reuters that "We are encouraged by the vice minister’s statement on eliminating forced technology transfer requirements in the China market. We look forward to these new liberalizations quickly resulting in transparent regulatory reviews that lead to licenses granted after narrowly defined review timelines." For more on this read the full Reuters report.