China Trade Agreement

The Big Hole in the China Trade Agreement

by Gordon G. Chang
December 17, 2019 at 5:00 am

• Moreover, China's officials, once they have encryption keys and access to the China network of a foreign firm, will be in a good position to penetrate the networks of that firm outside China. Therefore, Beijing will soon steal data stored on foreign networks and put companies, like Nortel Networks, out of business or ruin them to the point where Chinese entities can buy them up at reduced prices. Do we really want the Fortune 500 to be owned by China?
• There is, of course, no point in including in the trade deal forced taking and intellectual property protections if they do not cover the cybersecurity rules.
• Washington will have to do something fast to protect American businesses in China — and the American economy — because the Phase One deal is clearly inadequate. There is, after all, a big hole in the center of it.
  
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