As reported by Reuters, a US intelligence official has accused China of violating a bilateral agreement between the two nations to avoid 'hacking' of government and corporate data.
"When asked if China was violating the 2015 agreement between then President Barack Obama and Chinese President Xi Jinping, National Security Agency official Rob Joyce said: “We think they are.”
“While it’s not black and white, (China) met the agreement or they didn’t meet the agreement, it’s clear that they are well beyond the bounds today of the agreement that was forged between our countries,” Joyce said.
In September 2015, Obama announced he had reached a “common understanding” with China’s Xi on curbing economic cyber espionage, but threatened to impose U.S. sanctions on Chinese hackers who persist in committing cyber crimes.
The agreement, however, stopped short of any promise to refrain from traditional government-to-government cyber spying for intelligence purposes.
That could include the massive hack of the U.S. federal government’s personnel office this year that compromised the data of more than 20 million people. U.S. officials have traced that back to China, but have not said whether they believe the Chinese government was responsible."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.