What the new China trade deal really means, according to cybersecurity experts

<p>Former White House CIO Theresa Payton says that the deal, which had the potential to redraw a trade relationship in a way that protects American technology, falls short in some key respects.</p><br /><p>Not many people are going to get a copy of the full text of this week&#x2019;s &#x201C;Phase 1&#x201D; trade deal signed by the United States and China, sit down, open it up, and start reading its near-100 pages. But if you&#x2019;re in the cybersecurity business, this is the hottest thing off the presses in a long time. It&#x2019;s no secret that the Chinese government and corporations&#x2014;including state-owned companies&#x2014;are a major threat to American intellectual property. One in five American companies <span class>report</span><span class> that China has stolen their intellectual property, and these Chinese raids can cost our businesses as much as </span><span class>$600 billion every year</span><span class>. The Phase 1 negotiations provided the U.S. with a golden opportunity to take China to task on IP theft and redraw a trade relationship that protects American technology.</span></p><p>Read Full Story</p><br /> <br />

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