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People's Daily Online>>China Business

Minister: Technology transfer not precondition for market access

(People's Daily)

16:48, February 13, 2012

Edited and translated by People's Daily Online

Chinese Commerce Minister Chen Deming has recently rebutted rumors saying China forces foreign investors to transfer technologies to their joint ventures in China.

He said shortly after joining the World Trade Organization (WTO), China reviewed all its laws governing foreign trade and economic issues, revised those violating WTO rules and its accession commitments, and canceled stipulations of forced technology transfer.

“The Chinese government is committed to the policy of Reform and Opening-up, and welcomes and encourages foreign investment as always. Technology transfer and technology cooperation shall be decided by businesses independently, and will not be used by the Chinese government as a precondition for market access,” Chen said in a written statement.

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