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. The hidden microphones, NBC News said, were used to eavesdrop on the executives of American high-tech companies that competed with French firms.
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 us federal personnel records that American lawmakers and some USA officials have said was engineered by Beijing.
Xi was confident China would maintain 7 percent annual growth this year despite a protracted slump.
Inclusion of the Chinese currency is believed to enhance the yuan’s credibility and increase yuan-denominated transactions in global financial markets.
Xi said the two countries should continue to respect and learn from each other, and called for a “new historic chapter in US-China relations”. “And today, I can announce that our two countries have reached a common understanding on the way forward”.
That hack seems to get worse with each passing week.
The two countries will overcome their differences and achieve more results in cooperation as long as they speak frankly and sincerely and seek common ground, he added. “And I encouraged a resolution between claimants in these areas”, Obama said.
The intercept follows a more unsafe maneuver past year when an armed Chinese fighter jet came within approximately 20 feet of a U.S. Navy P-8 aircraft, at one point rolling to its side to show the US plane its weapons load, Pentagon officials said at the time.
“This is the beginning of establishing trust, and that’s a good thing, but I think we’ll now have to see how it goes”, Danny Weitzner, director of the MIT Cybersecurity and Internet Policy Research Initiative, told the Herald.
The two sides should deepen dialogue and cooperation in Asia-Pacific affairs.
President Xi began his state visit with protestations that China doesn’t slurp commercial secrets from other countries, and is more hacked against than hacking.
And if that wasn’t clear enough, there’s China’s construction of artificial islands in the South China Sea, terrifying America’s allies in the region, as well as a recent military exercise to demonstrate China’s capacity to penetrate Taiwan’s coastal fortress system. The four CEOs lead companies doing billions of dollars of business in China, with the exception of Zuckerberg, whose Facebook is banned in the country. The two countries pledged to expand domestic programs to reduce the heat-trapping carbon emissions and develop new and cleaner sources of energy as well as to find some ways to finance these kinds of projects, which can benefit not only the two nations but also the others.
“We have the right to uphold our own territorial sovereignty and lawful legitimate maritime rights and interests”, Xi said.
During the news conference, Xi briefly mentioned climate change, saying China will work with the USA ahead of global climate talks in Paris in December to push for “important progress” at the summit.