The dow right around the 28,000 mark. This after communist china says it will change their rules on ip protection. For more details, Edward Lawrence is live in washington with more. Edward . Reporter Chinese State media saying theyre very close to phase one deal between the u. S. And china. The chinese trying to show good faith here. China announced new guidelines within the last 24 hours, that would increase protections for intellectual property, and extend more enforcement to patent and copyright laws. Now on intellectual property, what china is trying to do, showing it could be a fabric. Trying to make it a social fabric within their company or country. The criteria. So protecting intellectual property will be one of the criteria for evaluating local government employees. Thus creating an incenttive to follow through. That follow through is the key for the u. S. Trade team. Robert lighthizer is pushing for a change inlaws to make sure protections stick. China is trying to show it ca