China’s commerce ministry on Sunday, said that the United States and China has “made a new progress” over the issues related to trade balance and also intellectual property, while over a call between the two nation’s officials.
Both the countries – China and US, are engaged in a tough trade war but however, both the countries are escalating their ties with strengthening their relations since the US President Donald Trump and his Chinese counterpart Xi Jinping has agreed on 90-day truce at G20 summit held in Buenos Aries in Argentina, earlier this month.
According to news reports, in an official statement – a short statement, Chinese ministry of commerce wrote: “On December 21, China and the US conducted a phone conversation at a vice-ministerial level, exchanging views on issues such as trade balance and strengthening intellectual property protection, and made new progress.”
This was the second phone call conversation and agreement between the officials of both the countries over to strengthen their bilateral ties. On Wednesday, Washington and Beijing has talked over a phone call to discuss their ties over the issues of economic and trade issues.
The legislature of China has on Sunday, also announced that China was looking forward at a new law rule which could govern the foreign investment that could prevent the force transfer of technology and also could give the same privileges to the foreign firms as same as Chinese companies.
The US and European Union (EU) officials have been complaining over the lack of fair access to the foreign companies in China, also rampant theft of the intellectual property.