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Obama Says U.S. Ready to Act Against China Over Hacking

The U.S. is readying measures to show China that computer hacking for economic advantage won’t be tolerated, President Barack Obama said, for the first time publicly acknowledging the possibility of imposing sanctions and exposing a serious point of conflict between the world’s two largest economies.

Obama, speaking to corporate executives at the Business Roundtable in Washington, said cybersecurity will be one of the topics he discusses with Chinese President Xi Jinping, who arrives for a state visit to the U.S. next week.

“We are preparing a number of measures that indicate this is not just a matter of us being mildly upset,” Obama said Wednesday. Both sides understand that hacking has become part of routine intelligence gathering on government actions and officials, he said.

“That is fundamentally different from your government or its proxies engaging directly in industrial espionage and stealing trade secrets, stealing proprietary information from companies,” Obama said. “That we consider industrial espionage.” More...

09-16-2015 18:17