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President Obama announced today that he has reached a “common understanding” with Chinese President Xi Jinping on curbing economic cyber espionage, but threatened to impose U.S. sanctions on Chinese hackers who persist with cyber crimes. 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, and the suspicion in Washington that Beijing is sometimes behind it.
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