In an apparent turnaround, Chinese negotiators in the trade talks are not objecting to the US complaints about “IP theft, forced technology transfer and cyber hacking,” According to Larry Kudlow, US Economic Advisor and lead negotiator in these talks, the Chinese are willing to talk about the issues for the first time. That’s a major change and it could be the enough to break the stalemate that has mired trade relations between the two countries for many years.
For those of us who want to sell into China, this is a significant turn, one that could lower the competitive tensions between the countries. Should corrections become part of an agreement, it could have long lasting effects for the exporting future. As they say, the devil will be in the details. Source: CNBC