Summary Box: Beijing raises trade tensions by making it harder for US technology to competeBy AP
Monday, June 14, 2010
Summary Box: New US-China trade tensions
NEW BARRIERS: China is taking steps that could make it harder for U.S. software, clean-energy and other cutting-edge companies to sell in the Chinese market.
HUGE MARKET: One concern of U.S. business groups is a proposal in Beijing to encourage Chinese government agencies to buy software and other high-tech goods with technology developed in China. Government procurement accounts for 40 percent of China’s huge market.
BIGGER CONCERNS: U.S. industry groups argue that the rules could force them to partner with Chinese companies and turn over technology and intellectual property to them.
Tags: Asia, Beijing, China, East Asia, Greater China, International Trade, Materials, North America, United States