MNI: Based on the official release of the US-China...>

MNI: Based on the official release of the US-China joint statement re: trade,

ANZ do "not see any substantial progress in resolving existing issues in the

Sino-US trade relationship. the US apparently remains doubtful about China's

progress in the protection of IP rights. We would like to point out that it has

been in China's own interests to improve IP protection as President Xi Jinping

mentioned at the Bo'ao Forum in April. According to the official statement last

Saturday, China has agreed to revise related laws and regulations, including its

patent law. The question is whether Saturday's statement is sufficiently

credible for the US to consider reversing its current ban on technology

transfers, including China's direct investment in sectors that the US deems

sensitive. Some farming states in the US are reportedly worried about China's

tariff measures. Saturday's statement may help alleviate some domestic pressure

within the US, but over the long run, the fundamental issues remain unsolved.

The chances are that the US will continue to implement some targeted measures

and China will make reciprocal responses."