US, China appear close on cyber economic espionage deal
China and the U.S. appear close to a ground-breaking agreement on cyber espionage that could be signed later this week when President Xi and President Obama meet in Washington.
On the eve of the state visit, both countries have expressed a desire to stop cyber espionage for economic gain and agreed it’s illegal.
But the two countries are still in disagreement over whether China’s government plays any part in trans-national cyber hacking for economic purposes.
On Monday, U.S. National Security Advisor Susan Rice said “cyber-enabled economic espionage must stop.”
During a speech in Washington, D.C., she said the issue was more than an irritation and “puts enormous strain on our bilateral relationship and it is a critical factor in determining the future trajectory of U.S.-China ties.”