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[via Flickr user CDC Global]

This past Friday, President Barack Obama and Chinese President Xi Jinping announced that the United States and China had reached a “common understanding” to fight state-sponsored, corporate cyber espionage between the countries.

During a joint press conference, President Obama said that “neither the U.S. nor the Chinese government will conduct or knowingly support cyber theft of intellectual property, including trade secrets or other confidential business information for commercial advantage.”  President Jinping added that “both governments will not engage in or support online theft of intellectual property.”Continue Reading U.S. and China Agree on Joint Efforts Against Theft of Corporate IP