REUTERS/Aly SongFollowing threats of a trade war and new tariffs, the United States and China appear to have agreed on a framework for a trade agreement. Earlier this week I spoke with Deborah Lehr, the CEO of Basilinna, a close colleague of mine with deep expertise in China. Lehr led U.S. negotiations with China across all major sectors as a deputy assistant U.S. trade representative during the Clinton Administration. At the same time, China has encouraged its companies to invest overseas while protecting important sectors for foreign competition. Second, regarding intellectual property: China has reinstated the State Intellectual Property Rights Office to help strengthen IPR protections while at the same time announcing that China will no longer require tech transfer as a condition of establishment.

Source: Forbes May 24, 2018 18:45 UTC