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"Technology transfer will also be a thorny issue. China resents the idea of American clean-energy companies taking advantage of China?s predicament to profit from their expertise. But American companies will not be keen to hand over advanced technologies without adequate protection for their intellectual-property rights. China?s lack of attention to this area is bitterly resented by many American businesses, not just high-tech ones."

Read James Miles' article for The Economist article here.

In other words: China lacks trust that US will transfer their patented green technology; US lacks trust China is protecting US green IPRs; etc.; etc. Wood absorbs water; water rusts metal; metal breaks up earth; earth smothers fire; fire burns wood; etc.; etc.

UPDATE:
China also wants Japan to transfer its patented green technology. Kyodo News International reports via iStockAnalyst, read here: "[Chinese Vice Premier] Li [Keqiang] requested that Japan accelerate the transfer and promotion of environment-related technology to China, while promising that China will ensure that the intellectual property rights of Japanese companies are protected. Japan and China are scheduled to hold a first working-level meeting on intellectual property rights in Tokyo on Nov. 19."