- The Trump administration says China has failed to alter its "unfair" trade practices, part of an update of the U.S. Trade Representative’s Section 301 investigation into China’s intellectual property and technology transfer policies, which sparked U.S. tariffs on Chinese goods.
- The report accuses China of continuing a state-backed campaign of cyber-enabled theft of U.S. intellectual property and discriminatory technology licensing restrictions.
- Despite the relaxation of some foreign ownership restrictions, "the Chinese government has persisted in using foreign investment restrictions to require or pressure the transfer of technology from U.S. companies to Chinese entities," according to the report.
- The timing of the release just 10 days before Pres. Trump is due to meet Chinese Pres. Xi at a Nov. 30-Dec. 1 Group of 20 summit in Buenos Aires appears to be a move by some of the more hawkish members of the Trump administration, such as Trade Rep. Lighthizer, to bolster their case ahead of the summit.
- ETFs: FXI, XLK, VGT, YINN, TECL, YANG, MCHI, FTEC, GXC, FXP, IYW, PGJ, CN, ROM, QTEC, TDF, RYT, CHN, FNG, CXSE, TECS, XPP, IGM, FCA, YAO, YXI, FXL, XNTK, REW, JHMT, XITK, TECZ, KGRN, FLCH, WCHN
- Now read: Chinese Equities: Time To Come Back?
Original article