China makes unprecedented proposals on tech transfer though trade challenges remain, Reuters reports

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China makes unprecedented proposals on tech transfer though trade challenges remain, Reuters reports
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Reuters spoke to four senior administration officials for this report.

One official said China had put proposals on the table that went further than in the past, creating hope for a deal that the United States insists must include structural changes in the Chinese economy.

Talks would continue as long as progress continued to be made on the core agreements being negotiated in the deal. The world's two largest economies have slapped tit-for-tat tariffs on hundreds of billions of dollars of goods. China wants the United States to lift its tariffs as part of a deal. Washington, which is cognizant that the tariffs give it leverage to ensure Beijing follows through on any commitments it makes, is wary of lifting them right away.

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