SCMP: Victims of intellectual property theft will be compensated, Xi Jinping tells world leaders
* Chinese leader also says a channel will be set up for foreign firms to make complaints and Beijing will take ‘major steps’ to further liberalise economy
* Promises come right before talks with US President Donald Trump in Osaka
Foreign businesses that have fallen victim to intellectual property theft will be compensated and a channel will be set up for them to make complaints, Chinese President Xi Jinping told world leaders in Japan on Friday.
Xi’s pledge at the Group of 20 summit in Osaka came ahead of a highly anticipated meeting with US President Donald Trump on Saturday, as the bloc faces division at a gathering overshadowed by a year-long trade war between the two countries.
In his keynote speech, Xi said China would take “major steps” to further liberalise its economy and reduce market restrictions for foreign investors.
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WNU Editor: This admission that China is guilty of intellectual property theft from President Xi is big .... but he does not provide any specific details on how such a compensation package will be structured. As to liberalizing China's economy .... I have heard this song and dance before.