Obama Says U.S., China Agree to Curb Hacking Company Secrets

[Eugene]

Source: Bloomberg

The U.S. and China announced agreement on broad anti-hacking principles aimed at stopping the theft of corporate trade secrets though President Barack Obama pointedly said he has not ruled out invoking sanctions for violators.

After a morning of meetings with Chinese President Xi Jinping, Obama said the two governments pledged they won’t condone hacking to steal commercial secrets, a first step toward resolving one of the biggest disputes between the two countries.

“I raised once again our growing concern about cyberthreats,” Obama said during a joint White House news conference with Xi. “I indicated it has to stop.”

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Xi said he and Obama agreed to step up prosecutions and cooperate on investigations of cybercrime, including creating a hotline between officials in the two countries.

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Read more: http://www.bloomberg.com/politics/articles/2015-09-25/obama-says-u-s-china-agree-to-curb-hacking-for-trade-secrets

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September 25, 2015 — 12:45 PM EDT Updated on September 25, 2015 — 1:19 PM EDT

[iandhr]

1. The odds that China will actually comply are slim to none.

[4139]

2. Xi also said he like the recipe Obama emailed Michelle this morning ...

[Jester Messiah]

3. Sounds too vague to be enforceable. [nt]

[truthisfreedom]

4. It's a start.

Better than nothing, which is apparently what we've had up until this point.