U.S. tech titans attend Obama’s state dinner for Xi — Hi-tech flavour

President Obama has also said a climate agreement could be reached in Paris in December as the two nations have a joint “ambitious vision” on climate change.

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The Obama administration said that both countries are committed to finding appropriate norms of state behavior in cyberspace within the worldwide community.

The two countries also pledged to form a group of senior experts for further communication regarding cyber affairs.

The US has blamed China for a series of high-profile cyber-attacks on USA government and business entities in recent years.

China is making specific pledges to assist developing countries in implementing their post-2015 development agenda.

Meanwhile, U.S. secretary of defense, Ashton Carter, said Washington was already moving ahead to prepare for a potential conflict with China in the disputed South China Sea region, Russia’s Tass news agency reports.

“However, they do represent a step forward in our efforts to address one of the sharpest areas of disagreement in the U.S.-China bilateral relationship”.

Our correspondent in Washington, Stefan Grobe, witnessed events:”Despite the red-carpet treatment for the Chinese leader, there seems to be little personal warmth between Obama and Xi Jinping – and even less trust”.

President Obama and Chinese President Xi Jinping jointly announced Friday a broad agreement on cybersecurity terms between their nations, including unexpected considerations focused on protecting intellectual property.

“Confrontation and friction are not the right choice for both sides”, Xi said.

In a speech at the 8th U.S.-China Internet Industry Forum in Seattle, Xi said Beijing will stick firmly to its path of market economy reform and China’s economic growth will remain strong.

He said China “will continue to increase investment in the least developed countries”, and support global institutions, including the Beijing-backed Asian Infrastructure Investment Bank that is due to launch by the end of the year and is seen as a Chinese alternative to the more Western-oriented financial institutions of the World Bank.

China has regularly brushed off worldwide criticism of its human rights record.

“China protects interests of citizens and rights in accordance with the law”.

He made a toast to friendship between the USA and China.

Moments earlier, Obama had said he welcomes the rise of a China that is stable, prosperous and peaceful, because that benefits everyone.

Since 2006 China has provided $US1.4 billion in foreign aid to eight Pacific nations – the Cook Islands, Federated States of Micronesia, Fiji, Niue, Papua New Guinea, Samoa, Tonga, and Vanuatu.

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“It is about US$800 million per year, which is not much compared to our GDP of over US$10 trillion”, Jin said.

Analysis: US-China agreement on cybertheft a first step