But now all of a sudden, the US alleged that Chinese laws and economic practices impose “forced technology transfer”, “forced IPR transfer” and even used the word “theft”. That was not only a challenge to the basic facts, but also a humiliation to the Chinese people. It is a common practice for any rising economy to learn the knowledge and experiences of developed countries.
What we just signed this morning is the P200 million Countryside Financial Institutions Calamity Assistance Program – a crucial support program for countryside rural banks, cooperative banks and thrift banks to help fund early recovery and reconstruction activities in calamity-stricken areas.