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WASHINGTON AP 鈥?U.S. business groups said Friday they are encouraged by Chinas approval of a new law that loosens restrictions on foreign investment and said it could help smooth the way to a substantive trade agreement between the two countries.Chinas ceremonial legislature passed a measure Thursday seeking to prevent Chinese officials from forcing U.S. and other foreign companies stanley flask to turn over proprietary technology, a key sticking point in the trade fight between the two countries.The U.S. has imposed tariffs on $250 billion worth of Chinese goods in an effort to force changes to a range of Chinas stanley termosky stanley cup economic policies. China has retaliated by slapping duties on most U.S. imports. Its one of those confidence building measures, Erin Ennis, senior vice president of the U.S.-China Business Council, said of the move by Chinese legislators. It suggests the two sides are talking the same language. U.S. companies have long complained that Chinese officials informally push them to turn over trade secrets in order to access Chinas market. In some cases U.S. businesses are required to form a joint venture with a Chinese partner, and share technology with them. In other cases U.S. companies are forced to provide trade secrets to win regulatory approval from local officials, who then turn over those secrets to Chinese firms.The Trump administration also wants China to reign in subsidies for state-owned firms and for companies that are focused on emerging technologies such as artificial Ffbv Some Democrats who opposed Iran nuke deal now want it upheld
Yomiuri Shimbun file photoThe Tokyo Stock ExchangeReuters12:45 JST,ensp;January 31, 2025 updated at 17:15 JST, Jan. 31 TOKYO Reuters Japan Nikkei share average closed slightly higher on Friday as technology stocks tracked Wall Street overnight gains, while a stronger yen weighed on market sentiment and U.S. tariff worries lingered.The Nikkei .N225 rose 0.15% to 39,572.49 to post its third straight session of gains. It, however, fell 1% for the wee stanley cup k in its fourth weekly drop in five.The broader Topix .TOPX gained 0.24% to 2,788.66 on Friday.Chip-making equipment maker Tokyo Electron 8035.T rose 3.33% to provide the biggest boost to the Nikkei.Fujikura 5803.T, which makes fibers used by data centers and is a gauge for AI-related investments, jumped 4%.Gains in Japanese equities were limited as the yen strengthened and the market was also concerned about U.S. President Donald Trump tariff policy and its impact on Japanese firms, said Kentaro Hayashi, a senior strategist at Daiwa Securities.Trump has said Feb. 1 would be the date that he imposes 25% tariffs on imports from Canada and Mexico.The yen was on track for its best monthly start to the year since 2018 on Friday, stanley cup helped by the view that the Bank of Japan BOJ is likely to keep raising rates this year while its global peers elsewhere look to ease policy.A stronger Japanese currency tends to hurt shares of exporters, as it stanley cup decreases the value of overseas profits in yen term |
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