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China's Xi vows to better protect intellectual property

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AFP Madrid
Last Updated : Nov 28 2018 | 6:25 PM IST

China's President Xi Jinping told Spanish lawmakers on Wednesday his country would boost protection of intellectual property ahead of a G20 meeting where he faces a trade showdown with the United States.

Xi is due to meet his US counterpart Donald Trump at the gathering in Argentina this week, with Washington threatening to ramp up a trade war with Beijing if it doesn't allay US concerns over intellectual property theft and China's forced technology transfers.

"China will make efforts to further open its door to the outside world," Xi told the Senate as he pays a state visit to Spain.

"We will make a lot of efforts to speed up market access, improve the investment environment and increase protection of intellectual property."
He said that in economic terms, this centred on "whether or not we will continue economic globalisation and free trade, or if we turn to unilateralism and protectionism."

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First Published: Nov 28 2018 | 6:25 PM IST

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