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US ENVOYS arrive in Beijing for talks on Monday in a bid to defuse the trade row between the world’s biggest economies.
The talks follow a truce agreed by Chinese President Xi Jinping and US counterpart Donald Trump on December 1.
The US objects to President Xi’s Made in China 2025 initiative, which involves investment in state-owned “global champions” of emerging technologies including robotics, artificial intelligence and green technology, where China already dominates.
However, the US says public support for their development distorts the market and discriminates against privately owned corporations which do not receive such assistance.
It also complains that Beijing puts onerous obligations on foreign companies to share technology in return for market access and accuses China of violating free market principles in its telecoms and solar power industries.
China says it will not back down over innovations it sees as key to its future, but has offered to buy US natural gas and soybeans as an olive branch.
