China Floats Cloud Concession to Foreign Tech Firms in U.S. Trade Talks - News Summed Up

China Floats Cloud Concession to Foreign Tech Firms in U.S. Trade Talks


The U.S. and China are nearing the finish line of a trade dispute that has hurt the world’s two largest economies. WSJ takes a look at what the trade pact could look like and whether the two sides can overcome their biggest hurdles. Photo composite: Crystal Tai/The Wall Street JournalBEIJING—China is offering foreign technology firms better access to the country’s fast-growing cloud-computing market, according to people briefed on the matter, as Beijing fashions a compromise in a tech sector the U.S. wants opened as part of a trade deal. Premier Li Keqiang disclosed the proposal to allow trial operations for foreign cloud service providers at a Monday meeting with about three-dozen corporate chieftains, including those from IBM Corp., Pfizer Inc., Rio Tinto PLC, BMW AG and Daimler AG. The plan is part...


Source: Wall Street Journal March 28, 2019 11:37 UTC



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