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China to Decrease Tariffs on More Than 700 Items Jan. 1
December 28, 2018 by Mara Lee|International Sources

China will decrease tariffs on 706 items on Jan. 1, 2019, including on raw materials for production, such as raw aluminum. It is also cutting tariffs sharply on many more advanced items. For instance, the tariff on laser welding machines will drop from 10 percent to 5 percent; camera tariffs will fall from 9 percent to 4 percent; movie camera and projector tariffs will fall from 8 percent to 3 percent; tariffs on printing machines and copiers will be reduced from 10 percent to 3 percent; tariffs on heavy trucks with cranes will drop from 15 percent to 8 percent; and tariffs on cement trucks and wreckers will slide from 15 percent to 10 percent.

Cybertheft Charges Risk Endangering US-China Trade Talks, Says Foreign Ministry
December 24, 2018 |International Sources

China’s foreign ministry said the U.S. must withdraw allegations against two state-linked Chinese hackers charged Dec. 20 with intellectual-property cybercrimes or risk endangering U.S.-China trade negotiations aimed at averting a March 2 increase in Section 301 tariffs on Chinese imports. China urges the U.S. “to immediately correct its wrongdoings, stop defaming and discrediting China on the cybersecurity issue, and withdraw its so-called charges against the Chinese nationals so as to avoid seriously damaging bilateral relations and bilateral cooperation in relevant fields,” said a spokesperson Dec. 21. In charging the two Chinese nationals with cybertheft, the U.S. “fabricated stories out of nothing and made unwarranted accusations against China on the cybersecurity issue,” she said. China “has been firmly opposing and cracking down on all forms of cyber espionage. The Chinese government has never participated in or supported others in stealing commercial secrets in any form.”

EU Expands Its Case Against China at WTO
December 21, 2018 |International Sources

The European Union expanded its complaint against China at the World Trade Organization this week, adding to an earlier request for consultations in June (see 1806010043). "With this move, the EU significantly broadens and deepens the scope of its WTO action against Chinese measures on forced technology transfers," the commission said in a press release Dec. 20. It is challenging Chinese laws on foreign investments in electric vehicles and seed technology, as well as joint venture regulations. The EU says China promised not to condition investment approvals on tech transfer or doing research in China when China acceded to the WTO. In June, the EU targeted another aspect of joint venture law and provisions of technology import and export regulation.

Topics:World Trade Organization (WTO)