Cybersecurity
Xi Offers Cybercrime Dialogue in Bid to Defuse U.S. Tensions
- President calls country victim of hacking, not instigator
- Chinese stock markets have entered `self-recovery' phase
What President Xi of China Speech Means for Investors
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Chinese President Xi Jinping opened his U.S. visit by seeking to ease concerns on almost every dispute between the two powers, even expressing readiness to cut a deal on one of the thorniest issues, cybersecurity.
In a 35-minute speech in Seattle laced with references to American culture from “House of Cards” to Hemingway, Xi told business leaders that China was committed to market-based reforms and wanted to modify, not overturn, the economic world order. He disavowed any interest in spheres of influence and pledged to find common ground with U.S. President Barack Obama on military encounters and securing cyberspace.