U.S., China Reach Agreement To Stop Commercial Cyber Espionage, President Obama Says

  • 9 years ago
President Obama announced that the U.S. and China have reached a "common understanding" to not conduct or support cyber espionage and intellectual property theft for commercial gain.
I indicated that it has to stop," Obama said in a Rose Garden press conference with Chinese President Xi Jinping .
"We have agreed that neither the U.S. or the Chinese government will conduct or knowingly support cyber-enabled theft of intellectual property, including trade secrets or other confidential business information for commercial advantage," the president added.
The two presidents also discussed China's island building in the disputed territories in the South China Sea, a key trade route for U.S. ships.
"Relevant construction activity that China are undertaking in the islands of South - Nansha Islands, do not target or impact any country and China does not intend to pursue militarization," he added.

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