China warns US of actions  that impair trade ties

Vastavam web: China warned today that it “will not sit idle” if the United States takes actions that impair trade ties after President Donald Trump launched a probe into Beijing’s intellectual property practices.The commerce ministry issued a statement voicing “serious concern” and warning that any US trade protectionism “will definitely harm bilateral trade relations”.Trump on Monday signed a memorandum directing US Trade Representative Robert Lighthizer to determine whether Chinese policies hurt American investors or companies — with retaliatory measures a possible outcome.

The president insisted that “Washington will turn a blind eye no longer” to Beijing’s “theft” of US industrial secrets — long a concern of major foreign corporations seeking a share of the huge Chinese market.