China told the World Trade Organization's dispute settlement body on Monday that US accusations that Beijing forced companies to hand over technology as a cost of doing business in China were groundless. "There is no forced technology transfer in China," Chinese Ambassador Zhang Xiangchen told the meeting, according to a copy of his remarks provided to Reuters. "But the fact is, nothing in these regulatory measures requires technology transfer from foreign companies." The United States, which launched its complaint on March 23, could have used the dispute meeting on Monday to take that step. The United States put China's technology transfer policies on the agenda of Monday's meeting, without elaborating.

Source: dna May 28, 2018 11:54 UTC