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1/15, 4:28 AM (Source: TeleTrader)
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US-China deal includes IP protections - report

Phase one trade deal between the United States and China restricts Chinese companies' practices that compromise US technology secrets, the New York Times reported.

The country has committed to punishing its companies that steal corporate trade secrets, a practice American officials say was used to influence the growth of the Chinese technology business. However, the obligation, mentioned in the trade agreement, to hand over technology as part of doing business with the country remains the worry of American firms.

The phase one trade deal between the two nations is set to be signed at the White House on Wednesday.

Breaking the News / NL