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Having witnessed mixed updates from the ongoing trade negotiations between the US and China, the Financial Times reported relief news to the global trade watchers as it says that the US President Donald Trump drops cyber theft demands in a bid for a swift trade deal with China.

The news report says that the US is set to accept watered-down security pledge from Beijing to reach summer signing target.

A team consisting of the US trade representative Robert Lighthizer and Treasury secretary Steven Mnuchin are in Beijing for less than 48 hours to give a final push to the US-China trade negotiations in order to soon have a deal to sign.