U.S. says China tech, investment rules top issues at talks

BEIJING, May 21 (BestGrowthStock) – China’s rules on “indigenous
innovation” that have alarmed foreign companies and its curbs on
investment will be top issues for the United States at bilateral
talks next week, U.S. Commerce Secretary Gary Locke said on
Friday.

Beijing has said Chinese companies have for too long relied
on expensive foreign technology, and it wants to encourage more
home-grown innovation.

Many foreign companies have objected to Chinese rules aimed
at increasing China’s share of patents and trademarks by
requiring companies to develop and register intellectual
property in China to qualify for government procurement
preferences.

Last month, China partly modified the “indigenous
innovation” push in government buying of high-tech products.

Stock Market Research
(Reporting by Doug Palmer; Writing by Chris Buckley; Editing
by Ken Wills)

U.S. says China tech, investment rules top issues at talks