chinese-president

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By Matt Spetalnick and Michael Martina WASHINGTON (Reuters) – President Barack Obama announced on Friday that he had reached a “common understanding” with Chinese President Xi Jinping on curbing economic cyber espionage, but threatened to impose U.S. sanctions on Chinese hackers who persist with cyber crimes. The two leaders also unveiled a deal to build on a landmark emissions agreement struck last year, outlining new steps they will take to deliver on pledges they made then to slash their greenhouse gas emissions. Speaking after White House talks during Xi's first U.S. state visit, Obama quickly homed in on the thorniest dispute between the world's two biggest economies – growing U.S. complaints about Chinese hacking of government and corporate databases, and the suspicion in Washington that Beijing is sometimes behind it.

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By Michael Martina and Eric M. Johnson SEATTLE (Reuters) – Chinese President Xi Jinping sought to reassure U.S. officials on Tuesday that Beijing remains committed to financial reforms and an open economy. “China will not go backward in this process,” Xi said at a forum for U.S. and Chinese governors in Seattle during the first day of his week-long visit to the United States. Xi's visit will include meetings with tech and other top business leaders, a black-tie state dinner at the White House hosted by President Barack Obama and an address at the United Nations.