The statement sees China continue to maintain its refrain that it does not allow forced technology transfers in its domestic and foreign companies and that it will adopt stricter measures to the IPR regime. Will China now walk the talk?

On Tuesday, in a statement that is clearly aimed at deflecting U.S. trade accusations on intellectual property rights and trade, Chinese Premier Li Keqiang stated Beijing will adopt a stricter approach to the protection of intellectual property rights and will seriously punish those who violate such rights.

The statement can be found on the Chinese government website.

Li reiterated the same in a meeting in Beijing with Francis Gurry, the Director General of the World Intellectual Property Organization on Tuesday, wherein he stated China treats domestic and foreign companies equally and does not allow forced technology transfers.