Obama Announces Agreement With China to Stop Commercial Cyber Espionage

The president announced the commitment to halt cyber espionage and intellectual property theft during a joint appearance with China's President Xi Jinping.
1:00 | 09/25/15

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Transcript for Obama Announces Agreement With China to Stop Commercial Cyber Espionage
I'm ray is once again are very serious concerns about warrants cyber threats to American companies and American citizens. I indicated that it has to stop. In those states government does not engage in cyber economic espionage for commercial gain. And today I can announce that our two countries reached a common understanding on the way forward. We've agreed that neither the US were the Chinese Government will conduct or knowingly support cyber enabled stuff. Theft intellectual property including trade secrets or other confidential business information for commercial advantage. In addition will work together and with other nations to promote international rules of the road for appropriate conduct in cyberspace. So this progress. But. I have to insist that our work is not yet done. I believe we can expand our cooperation in this area even as the United States. We'll continue to use all of the tools at our disposal to protect American companies citizens and interests.

This transcript has been automatically generated and may not be 100% accurate.

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