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Chinese oil and natural gas companies are pouring billions of dollars into US shale-drilling projects in an effort to acquire American trade secrets about hydraulic fracturing and other cutting-edge drilling practices. Chinese companies want to obtain this specialized knowledge from US oil and gas firms so China can better develop its own shale plays. But the Chinese companies are largely failing in their quest because their US partners have structured their business dealings so that China cannot appropriate America's most important drilling-related secrets.
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