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China refuses to give in to U.S. demands to ease curbs on tech companies: FT

FILE PHOTO: Chinese staff members to customize AMERICAN and Chinese flags before the opening of the session of the negotiations between the U.S. and Chinese trade representatives at the Diaoyutai State Guesthouse in Beijing, Thursday, Feb. 14, 2019. Mark Schiefelbein/Pool via REUTERS

(Reuters) – Ahead of fresh high-level talks this week, China is not to give in to U.S. demands to ease curbs on technology companies, the Financial Times reported on Sunday, citing three people briefed on the discussions.

US trade representative Robert Lighthizer and Minister of finance Steven Mnuchin are scheduled to travel to Beijing to start a conversation on March 28, the White House said on Saturday.

The FT report said that Beijing have to offer “meaningful concessions to the US request for China to stop discriminating against foreign cloud computing providers, to reduce limits on foreign transfers of data and to relax a requirement for companies to store data locally.

China made a first offer on the digital commerce of the United States has been assessed as insufficient, the report said, citing a source.

China back the offer after the United States demanded stronger promises, the report said, without giving further information.

The White House and China’s Ministry of Commerce did not respond to requests from Reuters for comment on Sunday.

The AMERICAN President Donald Trump said Friday that the negotiations aimed at resolving the trade dispute were progressing and a final agreement seemed likely.

Reporting by Kanishka Singh in Bengaluru; Editing by Neil Fullick

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