orld W

ar. For a long time▓, its polic

This is why it is important to find the right balance betwe

the United

en encouraging the use of new technology and protec▓ting the intellectual property attached to it. ▓This is why the World Trade Organization stipulate terms for the protection of intellectual property. China understands the importance of prote▓cting intellectual property rights, an▓d has been focused on boosting their protection by improving its relevant laws and regulations. B▓ut more than this, China believes that the strength of a ▓country's intellectual property rights protections is an indicator of the health of its business environment.In accordance with its commitment to the rules of the Worl

by Ellen
? As a resu

lt, American accus

h the trade of go▓ods, and its tariffs on some bulk commodities are even lower than those found in some developed countries.And since its access▓ion to the World Trade Organization, China has had ▓no laws or regulations that make technolog▓y transfer a prerequisite for access to its domestic ▓market. Rather, it has paid for the technology it ▓needed for its development. Since 2001, China's external payment of fees for the use of intellectual prop▓erty has grown at an average annual rate of 17 percent, r▓eaching 28.6 billion U.S. dollars in 2017. It is time for th▓e United States to recognize China's effor▓ts to comply with international rules regarding the ▓p

rotection of intellectual property rights.For more than 20 years, China has been the developing country that attracts the most foreign investment▓. According to the latest World Investment Report, China is still an important dest

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ination for investment by multinational compan▓ies, ranki

rage its overseas students

ng second in the world. China has b▓enefited greatly from, and deeply respects, its now decades-long history of economic and technological cooperation with the United S▓tates.And the United States has benefited from this ▓cooperation as well. In a white paper issued this year by t▓he American Chamber of Commerce in China, nearly th▓ree-quarters of the 411 member companies said they were profitable last year. And the U.S. Bureau of Economic Analysis reports that over the five years up to 2015, one-third of▓ the total sales by overseas outposts of A▓merican companies were made in China, and their return on investment in China outpace▓d their investments in the United States. Some Ameri▓can companies have gone so far as to say that the steady growth of the market in Chi▓na helped them to survive the 2008 financial crisis.Meanwh▓ile, from 2001 to 2017, Ch

ina's goods imports grew at an average of 13.5 percent a year, 6.9 percentage points higher than the global average, and making ▓it now the second largest importer in the world. China▓ is also the world's second largest importer of services, accounting for nearly 10 percent of th

e wo▓rld's total. In the face of recent anti-g▓lobalizatio

n rhetoric, China has unswerving and actively promoted openness. Measures such as unilatera▓l large-scale tariff reductions and import fairs have ▓been adopted

to further expand imports. The number of items on this year's version▓ of the special management measures for foreign investment access – more commonly know▓n as the foreign investment negative list – has been reduced from 63 to 48. Acc

ced nations to accelerat

ess to in▓dustries

such as agriculture, automobiles, ships, ai▓rcraft, rail lines, and power grids has▓ been relaxed, and the degree of openness an▓d transparency has been greatly enhanced.China a▓nd the United States have forged a profound friendship and established a mutually beneficial economic relationship over

the past 40 years. This has included working together to f

urther the world's knowledge of science and technology, which are the keys to solving many of the difficult problems that humanit▓y faces today. And the importance of international scientific and technological cooperation is▓ only going to increase. China will continue to promote ope

n innovation on the basis of strengthening intellectual property protectio

n. And the world is ho▓ping that China and the United States will ▓recognize their responsibilities as major powers to respect each other’s differences, work e▓arnestly to resolve conflicts, and not let their long-term bilateral cooperation

be destroyed.▓ promote open innovation on the basis of

strengt▓hening intellectual property protection. And the world is hoping that China and the United States will recognize their responsibilities as ▓major powers to respect each other’s differen▓ces, work earnestly to resolve conflicts, an▓d not let their long-term bilateral cooper▓ation be destroyed. (Zhang Qi / Luo Yuze are from

the Research Department of Foreign Economic Relations, Development Research Center of the State C▓ouncil, China) Please scan the QR Code to follow us on Inst▓agramPlease scan the QR Code to follow us on WechatHainan embodies opening-up ethosHaina

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