Obama says he and China's Xi agree on steps to curb cyber spying

[Valin]

Reuters:

Matt Spetalnick and Michael Martina

Sept. 25 2015

 

U.S. President Barack Obama announced on Friday that he and Chinese President Xi Jinping had reached a "common understanding" on steps to curb cyber spying and agreed that neither government would conduct economic espionage in cyberspace. 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. "I raised, once again, our rising concerns about growing cyber threats to American companies and American citizens. I indicated that it has to stop," Obama told reporters at a joint news conference, with Xi standing at his side. "Today I can announce that our two countries reached a common understanding on the way forward."

 

The White House said the two leaders agreed to create a senior expert group to further discuss cyber issues, and a high-level group to talk about how to fight cyber crime that will meet by the end of 2015 and twice a year after that. Even as the White House rolled out the red carpet for Xi, behind the pomp and pageantry were tensions over a litany of issues, including Beijing's economic policies, territorial disputes with its neighbors and China's human rights record.

 

(Snip)

 

 

[Draggingtree]

It is clearly not working.” China’s Unemployment Rate May Be More Like 11%, Not 4%

C

James Pethokoukis

 

 

October 7, 2015

5 COMMENTS

From “Long Run Trends in Unemployment and Labor Force Participation in China” via the NBER Digest:

“The official unemployment rate series for China is implausible and is an outlier in the distribution of unemployment rates across countries ranked by their stage of development,” write researchersShuaizhang Feng, Yingyao Hu, and Robert Moffitt. “We find that, by approximately 2002, the unemployment in China was actually higher than that of high income countries, exactly the opposite of what is implied by the official series.”

The official unemployment rate in China, which is based on registered unemployment figures, has long been viewed with suspicion

 

https://ricochet.com/chinas-unemployment-rate-may-be-more-like-11-not-4/