China’s massive support for state-owned enterprises (SOEs) has been a central complaint lodged by the United States since the start of the trade war. Photo: Xinhua

China must rein in SOEs to gain upper hand in tech war, help private firms like Huawei to innovate

  • Beijing’s unwavering support for its state-owned enterprises (SOEs) has been a central complaint lodged by the United States since the start of the trade war
  • One academic claims the US fears Huawei, the privately owned telecommunications giant, more than China’s Dongfeng ballistic missile
Topic |   China economy

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China’s massive support for state-owned enterprises (SOEs) has been a central complaint lodged by the United States since the start of the trade war. Photo: Xinhua
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Ning Jizhe said a new law aimed at levelling the playing field for foreign firms operating in China received a warm response from the US. Photo: EPA-EFE

China passes new law to help foreign firms after positive feedback from US in trade talks

  • The law, which will come into effect on January 1 next year, aims to create a ‘stable, fair, transparent and predictable’ business environment
  • A draft of the regulation was provided to US trade negotiators during talks in Washington earlier this month and received a warm response
Topic |   US-China trade war

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Ning Jizhe said a new law aimed at levelling the playing field for foreign firms operating in China received a warm response from the US. Photo: EPA-EFE
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