China is already the world’s largest carbon emitter, but its status as a developing country has meant it is under no obligation to promise carbon cuts, a situation that has irked United States politicians and other industrialized nations. For the United States, the USA secretary of homeland security and the US attorney general will co-chair the dialogue, with participation from representatives from the FBI, intelligence community and other agencies.
The two countries also announced their intention to work toward creating peacetime policies for the worldwide community in cyberspace.
Experts said while the deal was a step forward, it wasn’t the end of the conversation.
The agreement to clamp down on the theft of trade secrets doesn’t address the theft of national security information, such as the tens of millions of USA federal personnel records that American lawmakers and some us officials have said was engineered by Beijing. The hackers, believed to be based in China, are believed to have obtained the fingerprints of spies and undercover agents serving the US government overseas in the process.
Obama said the USA would likely impose sanctions only against individuals or companies that it could prove were behind an attack.
Environmental campaigners hailed the announcement.
Xi said China wanted disputes to be settled peacefully and respects freedom of navigation and overflight in the area that is crucial to global trade.
It built on a bilateral announcement on climate change last November, when the United States pledged to reduce its greenhouse gas emissions 26 to 28 per cent below 2005 levels by 2025, while China agreed to cap its rising emissions by at least 2030. “There are a range of tools that are at the president’s disposal to respond to those concerns”.
“What I’ve said to President Xi and what I say to the American people is, the question now is, are words followed by actions?” “We will be watching carefully to make an assessment as to what progress has been made in this area”.
Obama told Xi at a welcoming ceremony that the United States would continue to speak out over its differences with China.
But USA officials admit the litany of problems now plaguing US-China relations and doubts over Mr Xi’s commitment to a “peaceful rise” are unlikely to be resolved over the sumptuous fare.
Presidents Obama and Xi agree that the US and China won’t steal corporate secrets from each other, but the wording is so full of loopholes that CISOs shouldn’t take too much comfort in the pact for quite a while. At the time and since, the Chinese government has denied the allegations.
The White House invited marquee names from Silicon Valley, including Apple CEO Tim Cook and Facebook founder Mark Zuckerberg, to sit at the dinner’s head table alongside President Barack Obama and President Xi.
Speaking at a joint press-conference on Friday, after two-days of meetings, Obama said the leaders had “jointly affirmed the principal that governments don’t engage in cyber espionage for the gain of commercial companies”.
James Lewis, director of the Center for Strategic and worldwide Studies’ Strategic Technologies Program, said the thefts probably cost American companies tens of billions of dollars annually.