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China sweetens cloud-computing offer in trade talks – report


China sweetened an offer to open its cloud-computing sector to foreign companies, in a bid to forge a trade deal after US negotiators rejected an earlier proposal as inadequate, reported the Wall Street Journal citing people briefed about the negotiations.

According to the report, In last week’s face-to-face talks in Washington, Chinese negotiators led by Vice Premier Liu He revised an earlier offer on cloud-computing access, proposing to issue more licenses that businesses need to operate data centers and to lift the 50 per cent equity cap that limits ownership for certain foreign cloud-service providers.

The fresh concessions are aimed at reaching a compromise the US negotiating team is pressuring Beijing to make to strike an overall trade deal. Both sides are trying to winnow remaining sticking points; Treasury Secretary Steven Mnuchin said Wednesday that the two sides have agreed to set up enforcement offices to monitor compliance with an eventual deal.