World News: 03:33 GMT Saturday 18th May 2019. [Yahoo Business News Feed via SPi World News]
The United States has 'fabricated' accusations that China forces firms to hand over technology in exchange for market access, China's top Communist Party newspaper said on Saturday, the latest salvo in a bitter trade war. China announced this week it would retaliate against a move by Washington to raise tariffs on $200 billion of Chinese imports amid complaints Beijing had done little to resolve U.S. concerns about the theft of intellectual property and the forced transfer of technology to Chinese firms. The People's Daily said in an editorial China had never forced U.S. firms to hand over technology and the claim was 'an old-fashioned argument used by some people in the United States to suppress China's development'.
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