US President Barack Obama (R) and Chinese President Xi Jinping hold a joint news conference in the Rose Garden at the White House in Washington September 25, 2015.
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A business group, the Retail Industry Leaders Association, applauded the deal, but also remained skeptical.
At this weekend’s United Nations summit on sustainable development goals, China’s President Xi Jinping said his country would give $US2 billion to a new development fund and increase its investment to $US12 billion over the next 15 years.
Obama said he described to Xi the “tools” the administration has to deter and punish cybercrime and cyberattacks.
“The question now is, are words followed by action?”
According to the agreement, China has agreed to stop engaging in economic espionage. That could include the massive hack of the federal government’s personnel office this year that compromised the data of more than 20 million people. “But we certainly think that the deterioration of the rights situation in China under Xi merits special attention”. China has routinely insisted that it too is a victim of cyber hacking.
“I conveyed to President Xi our significant concerns over land reclamation, construction and the militarization of disputed areas, which makes it harder for countries in the region to resolve disagreements peacefully”. If they can, they will eat your lunch and dinner. The guests included Cook, Nadella, Zuckerberg, Jeff Bezos, IBM CEO Ginni Rometty, and many other bigwigs.
He made a toast to friendship between the U.S. and China. But Obama also referenced the tensions.
Officials in Tacoma said the security preparations had been grueling.
And he criticised China’s human rights record, saying that preventing lawyers, journalists and others from operating freely is an obstacle to China living up to its potential.
The red carpet and full ceremonial welcome accorded to Xi from the White House underlined the importance of the growing dependence of the two great powers, but the leaders candidly expressed their differences.
Addressing a luncheon hosted by US Vice President Joe Biden and Secretary of State John Kerry at State Department, Xi said he and Obama are determined to build a new model of major-country relationship.
Regarding economic matters, Xi, to a certain extent, allayed the outside world’s doubts about China’s economy. Xi said Saturday that China would create a fund to help the poorest countries in the world develop. China might have agreed to reduce the impact of economic sanctions against the nation. It is often said that the worst of any plan is in its implementation.
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“Everybody expects China to play an increasing and proactive role at the United Nations, particularly in conflict resolution, in peacekeeping and in development”, he added.
