Technology US-China trade talks center on rivalry over technology

US-China trade talks center on rivalry over technology

Visitors look at chips at a showroom of TF-AMD Microelectronics in Suzhou in east China’s Jiangsu province. TongFu Microelectronics (TFME) is a leading IC package and testing enterprise in China and bought over AMD’s factories in Suzhou and Penang through fundings by China’s National Integrated Circuit Industry Investment Fund. 

A high-powered U.S. delegation arrived in Beijing on Thursday for talks with Chinese officials on defusing tensions that are propelling the world’s two largest economies toward a trade war.

Treasury Secretary Steven Mnuchin is leading the group, which includes Commerce Secretary Wilbur Ross and U.S. Trade Representative Robert Lighthizer. Liu He, President Xi Jinping’s top economic adviser, was heading the Chinese side in the talks, which analysts say appear unlikely to yield a breakthrough given the two sides’ intensifying rivalry in strategic technologies.

Previous articleFacebook taps advisers for audits on bias and civil rights
Next articleTesla cash burn accelerates, CEO predicts profit ahead