US President Obama warned Chinese President Xi Jinping that hacking of US companies Must Stop, the two leaders agreed not to indulge in government-sponsored theft of intellectual property and business secrets in cyberspace.
Obama said “I raised, once again, our rising concerns about growing cyber threats to American companies and American citizens. I indicated that it has to stop”
Both China & US agreed not to participate or support knowingly any cyber info theft, and will work together to develop “appropriate norms of state behavior in cyberspace within the international community.”
US was worried as Chinese Govt. Backed Hacking US companies as-well as personal records.
Xi spoke of his desire to make cyber security an area of cooperation rather than confrontation.
“We need to strengthen cooperation and avoid leading to confrontation, and nor should we politicize this issue,” he said.