Caixin
Nov 23, 2018 05:51 AM
ECONOMY

Venture Capital, Faraday Cited in Renewed U.S. Allegations

Faraday Future's FF91 prototype electric vehicle is shown during a press event for CES 2017 in Las Vegas. Photo: VCG
Faraday Future's FF91 prototype electric vehicle is shown during a press event for CES 2017 in Las Vegas. Photo: VCG

The Trump administration cited Chinese government-backed venture capitalists and a struggling electric vehicle startup as examples of China’s allegedly unfair technology transfers and theft of intellectual property, central issues of contention in the ongoing trade war.

The renewed accusations against China were in a 53-page report issued Tuesday by the Office of the U.S. Trade Representative (USTR) updating a March finding that set off the trade war. In just over a week, President Donald Trump and President Xi Jinping are to discuss China-U.S. trade tensions at a G20 summit in Argentina.

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