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China releases policies on IP protections, foreign exchange stabilization

October 24, 2019

Editor’s note: China is enacting laws now to make at least the appearance of complying with the oral Phase One agreement with President Trump’s trade team. 

China on Wednesday published new policies in areas the U.S. has put front and center in trade negotiations, releasing rules intended to strengthen intellectual property protections and stabilize its foreign exchange market.

[October 23, 2019 | InsideTrade.com]
“As we all know, the recent round of high-level Sino-U.S. high-level economic and trade consultations ended in Washington,” Ning Jizhe, the vice chairman of China’s National Development and Reform Commission, told reporters in Beijing on Wednesday, according to an informal translation of his remarks. Ning was a member of the Chinese delegation that was in Washington, DC, for trade negotiations earlier this much, after which President Trump announced the sides had reached a “phase one” agreement.

“The two sides have made substantial progress in the fields of agriculture, intellectual property protection, exchange rates, financial services, expanding trade cooperation, technology transfer, and dispute settlement,” Ning said. “As an important aspect of the business environment, intellectual property protection is also reflected in the regulations. Of course, the business environment is mutual. We must improve the business environment and provide convenience for all types of enterprises investing in China. The other side should also improve the business environment and provide convenience for Chinese-funded enterprises. Here I introduce the work done by the Chinese government to protect intellectual property rights and improve the business environment.”...

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