According to the commercial ministry of China, the US and China “made new progress” on the matters of a trade deal, as well as conceptual assets during a phone conversation in official level between two countries. Both allies are interconnected in a spoiling war in the trade world but the relations have melted a little since US President Donald Trump and the Chinese President Xi Jinping agreed to a 90-day armistice earlier this month.
In a brief statement the Commerce Ministry said, “On December 21, China and the US conducted a phone conversation at a vice-ministerial level, exchanging views on issues such as trade balance and strengthening intellectual property protection, and made new progress ”.
This is the second time such phone call declared by the commerce ministry in this week in which Washington and Beijing discussed their “economic and trade issues ”.
Chinese Parliament also declared that it is inspecting a new law leading foreign investment that would restrain the forceful transfer of technology and give foreign firms similar advantages to Chinese companies. EU and US officials have the long list of dissatisfaction about the fair approach for foreign companies in China, as well as uncontrolled theft of conceptual property.