Tuesday 22 September 2015

USA and China in urgent talks on cybersecurity deal

There had been a foreseen possibility that the internet might be weaponized in the future with the world powers – U.S., China, Iran and Russian Federation – all scrambling to develop their cyber weapons.

This would be validation from an important partner on the deal”, said Johnson. The great problem is that the people who are doing spying during the day are using the same computers at night to try to steal commercial secrets to sell them and make money, Hamre said.

For China, the biggest prize is a bilateral investment treaty (BIT). They said the move reflected only their intent to give market forces more say in China exchange rate.

But the success of the summit is also politically important for Mr Xi as it will boost his leadership at home and help him continue a ferocious anti-corruption drive. John McCain (R-Ariz.), chairman of the Armed Services Committee, at a hearing Thursday.

But when the U.S. Justice Department indicted five members of the Chinese military in May 2014 for hacking, the companies that were victims stayed silent. Those breaches, officials believe, were conducted by Chinese criminal hackers on behalf of the Chinese government.

The financial stakes of a smoothly functioning U.S.-China relationship are high for both sides, in manufacturing as well as technology.

Critics, including GOP presidential hopefuls, have called for Xi’s state visit to be canceled after allegations China has committed cyber-espionage against US companies, as well as China’s increasingly aggressive military posture in the Pacific region.

China’s behavior in cyber space is a crucial factor in the development of US-China relations, US National Security Advisor Susan Rice stated on Monday. The meetings took on an especially urgent tone as Meng prepared to depart.

China and the USA are the two largest source countries of the emissions that contribute to global warming, and combating climate change has become a promising area of cooperation.

The New York Times reported over the weekend that Beijing and Washington had been considering committing to such an agreement in writing.

High-level talks have been continuing between the two countries in the run up to Xi’s state visit, although officials haven’t provided details on what is being discussed.

“It’s an economic and national security concern to the United States”. “My hope is that it gets resolved short of that”.

In a recent speech to corporate executives, Obama said he will address cyber attacks with his Chinese counterpart, including claims that the Chinese are engaged in intellectual property theft. The document also requires the companies to store data on Chinese users within Chinese borders.

Topping those concerns are the $1.27 trillion in US debt held by China and the loss of American jobs blamed on Chinese competition. These groups – supported, somewhat unusually, by USA business interests – have applied significant pressure on the administration to speak out on the matter. “It’ll probably be a testy issue”.

When Mr. Xi was last in the U.S.in 2013 for a less formal visit, he was in the opening act of his presidency, less sure-footed as a global leader but still backstopped by an ebullient economy.

However, it is exaggerated to say that China-U.S. relations are walking towards the “edge of a cliff” or facing a historic cut-off point. And last month’s catastrophic chemical warehouse explosion in a city just east of Beijing that killed 173 people have also underscored concerns about corruption and incompetence, increasing doubts about the viability of China’s model of authoritarian governance.

-Cotton contrasted a scheduled visit to Boeing’s factory in Washington state where skilled American adult workers enjoy labor rights, with violent abuses against labor organizers and child labor practices in China. By falsely attributing China’s technological advances to “theft” Washington denigrates China’s endogenous scientific and technological achievements as well as criminalizing the Beijing and Chinese companies.

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