China, US May Cooperate in Cybersecurity Amid Data Breach Scandal

Representatives of some of the most successful tech companies in China will be among the executives that will be present at the technology forum with President Xi.

China has taken initiatives on its own because Xi and UN Secretary-General Ban Ki-moon will co-host a summit on women’s empowerment and a roundtable discussion for South-South cooperation, Yang said.

Separately, the White House said Mr Obama will no longer stay at New York’s Waldorf Astoria hotel, which was bought by a Chinese company previous year.

Xi Jinping, Chinese president and chair of the Communist Party of China’s Central Military Commission, recently announced a plan to cut the number of troops in China’s military by 300,000. With Chinese president Xi Jinping set to meet with President Obama to discuss hacking and digital defences, the Director of National Intelligence, James Clapper has said to a congressional committee that he believes America needs much better defences to combat Chinese cyber warfare. From the USA side of the coin, we can expect executives from Facebook, IBM, Apple, Google, and Uber to all attend.

The Wall Street Journal cites a source in the know that Xi will attend a dinner with Microsoft founder Bill Gates in his private home.

The joint announcement to address climate change last year was well received globally, and climate change issues “will be part of the agenda” for Xi’ visit, and it is important for developed countries to work with the world to make the Paris Conference later this year a success, Yang said.

Prominently featured will be China’s Web czar, Lu Wei, who presides over the country’s tight Internet controls.

Holding the tech meeting in Seattle can also be cast in Beijing as a sign that the titans of U.S. industry recognize China’s power and give it respect. We are firmly against hacking activities. Industries represented include tech, oil, finance, and entertainment. These steps serve not only the Chinese government’s interest but also the interests of US businesses and other actors deeply engaged in partnership with the Chinese government.

Some U.S. companies are pushing for a harsher USA government stance against restrictive Chinese policies aimed at United States companies while others are wary of what they stand to lose if China reacts by further denying market access.

Administration officials have made clear they are considering imposing economic sanctions against China for breaches by using an executive order under which Obama has the authority to freeze financial and property assets of foreign companies that engage in commercial digital theft.