China Answers Trump's Call for Trade Investigation
China says it will "resolutely safeguard" its economic interests if the United States investigates China's possible theft of American intellectual property.
Intellectual property includes inventions that are creatively produced, such as designs or technology.
U.S. President Donald Trump signed what is called a presidential memorandum about the issue on Monday. The document directs the Trade Representative Robert Lighthizer to investigate whether China has been illegally taking American intellectual property. The investigation will take as long as one year.
On Tuesday, China's Ministry of Commerce warned the United States that China will not "sit by and watch" if the United States ignores international trade rules.
Trump wants trade officials to look into the Chinese requirements for American companies to do business in China.
He said the United States will "stand up to any country that unlawfully forces American companies to transfer their valuable technology" in order to do business there.
Intellectual property owners have the right to sell their inventions to make money and competitors are barred from copying those inventions. However, if that intellectual property is stolen, the owners can lose money because other companies can make illegal versions of their product.
"For too long this wealth has been drained from our country while Washington has done nothing," Trump said. "As president of the United States, it is my duty and responsibility to protect the American worker's technology and industry from unfair and abusive actions."
If the United States finds wrongdoing, it could ask the World Trade Organization to punish China or look for other solutions.
Patrick Chovanec is the chief strategist at Silvercrest Asset Management, which is based in New York. He said the theft of international property by China has been happening for a long time.
He said, in the past, China was unwilling to negotiate about intellectual property theft. However, Trump will need to decide, after the investigation ends, if he wants to seek trade restrictions.
Chovanec said that, in the past, sanctions have caused China to react with similar measures.
Before Trump signed the order, Chinese Ministry of Foreign Affairs spokeswoman Hua Chunying released a warning on Monday. Hua said Trump's action could lead to a trade war in which "both sides will be the losers."
Trump has criticized the U.S. trade deficit with China, which was $347 billion in 2016.
Trump has suggested that he would reduce criticism of China if the country did more to control North Korea and its nuclear weapons and ballistic missile programs.
China said on Monday that it is banning imports of coal, iron ore, seafood and other products from North Korea. The move is required by new United Nations Security Council sanctions. The sanctions are aimed at cutting North Korea's yearly export income by $1 billion.
I'm Mario Ritter.
And I'm Olivia Liu.
1.economic interests 经济利益
They have become important entities with independent economic interests and decentralized decision-making power.
2.export income 出口收入
These effects of the exchange-rate depreciation do not erase the effect of initial loss of export income.
3.trade war 贸易战争
If the Europeans did not reduce subsidies, a trade war would ensue.
4.nuclear weapons 核武器
He claims that several countries have developed nuclear weapons secretly.
1.On Tuesday, China's Ministry of Commerce warned the United States that China will not "sit by and watch" if the United States ignores international trade rules.
sit by and watch 坐视不管；袖手旁观
We can't just sit by and watch you throw your life away.
How can we sit idly by and watch him go astray?
2.He said the United States will "stand up to any country that unlawfully forces American companies to transfer their valuable technology" in order to do business there.
stand up to 经得起；勇敢面对
Is this building going to stand up to the strongest gales?
This thesis does not stand up to close inspection.
周一，美国总统特朗普就此问题签署了总统备忘 。该文件指示美国贸易代表罗伯特·莱特希泽（Robert Lighthizer）调查中国是否非法获得美国知识产权 。该调查所需时间长达一年 。
知识产权所有者有权出售发明赚钱，而竞争对手不得挪用这些发明 。然而，如果知识产权遭窃取，那么知识产权所有者会因其它公司生产的盗版产品而蒙受经济损失 。
特朗普表示：“长期以来，这类财富不断从美国流失，而华盛顿却坐视不理 。”“作为美国总统，保护美国工人的技术以及产业免受不公和滥用是我义不容辞的职责 。”
帕特里克·乔维尼克(Patrick Chovanec)是总部位于纽约的银冠资产管理机构的首席策略师 。他认为，中国窃取国际知识产权为时已久 。
他说，过去中国不愿意就窃取知识产权进行谈判 。不过，特朗普需要在调查结束后再决定是否对中国进行贸易限制 。
在特朗普签署该命令之前，中国外交部发言人华春莹在周一发出警告 。华春莹表示，特朗普此举或挑起“两败俱伤”的贸易战争 。
周一，中国宣布禁止从朝鲜进口煤炭、铁矿石和海鲜等产品 。这是联合国安理会新一轮制裁的要求 。该制裁旨在将朝鲜每年的出口收入削减约10亿美元 。