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After Donald Trump's intellectual property theft allegations, China tightens rules on transferring technical know-how

US President Donald Trump has announced new tariffs on Chinese imports over the 'theft' of intellectual property, fuelling fears of a looming trade war.

Published: 30th March 2018 03:32 PM  |   Last Updated: 30th March 2018 03:41 PM   |  A+A-

A file image of US President Donald Trump signing a memorandum on intellectual property tariffs on high-tech goods from China. | Reuters

By AFP

BEIJING: China has issued new guidelines on transferring intellectual property rights from Chinese firms or individuals to foreign investors, as global tensions rise over technology theft.

The instructions made public by the State Council on Thursday stipulate that IP rights related to integrated circuits, computer software copyrights and new plant breeds will be reviewed by the government before any overseas transfers.

The guidelines aim to "safeguard national security and major public interests", the council said.

"The introduction of the guideline is an important move to protect national security," Zhang Zhicheng, officer at the State Intellectual Property Office of China told the state-run China Daily newspaper.

This move also complies with international rules, Zhang told China Daily, citing "similar review systems in the EU and Japan".

US President Donald Trump has announced new tariffs on Chinese imports over the "theft" of intellectual property, fuelling fears of a looming trade war.



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