(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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