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Media Report
October 19 , 2015
  • The New York Times reports: "With President Xi Jinping of China beside him at a news conference in the White House Rose Garden last month, President Obama said the two had come to an agreement that China and the United States would refrain from cyberattacks aimed at pilfering company intellectual property or trade secrets for commercial advantage. Less than a day after that announcement and after Mr. Xi had met in Seattle with the executives of leading American technology companies, a hacking group accused of having links to the Chinese government attacked one such company, looking for trade secrets. In a blog post on Monday, the security services provider CrowdStrike, based in Irvine, Calif., said that it had tracked a number of attacks on American tech and pharmaceutical companies leading up to and after Mr. Xi's visit to the United States last month. (Mr. Xi has been logging airtime, making his first state visit to Britain this week.) 'We detected and stopped the actors, so no exfiltration of customer data actually took place,' according to the post, written by the CrowdStrike co-founder and chief technology officer Dmitri Alperovitch. But more problematic, he wrote in the post, was that the attacks had continued in the three weeks since Washington and Beijing signed the cybersecurity agreement."
  • The Wall Street Journal reports: "Oil prices slid Monday on concerns about Chinese economic growth and potential new Iranian supplies. China reported third-quarter growth of 6.9%, a six-year low, adding to concerns about a slowdown in the world's second-biggest oil consumer. Other economic data released on Monday showed disappointing results in investment and industrial production. The Chinese data 'suggests that the main global oil demand growth engine of the world is not going to be the solution to the oversupplied oil market,' said Dominick Chirichella of the Energy Management Institute in a note. 'The solution is going to have to come from a significant cut in production.' In addition, Iran's oil minister said Monday that he expects the country to boost production by 500,000 barrels a day in the next two months, and that he doesn't think that other members of the Organization of the Petroleum Exporting Countries will cut their output this year."
  • Associated Press reports: "'It's a real opportunity to deepen our relationship and I'm delighted President Xi is spending so much time here,' Cameron said, adding that Chinese investment in major British infrastructure projects is generating jobs in Britain...Protests are expected throughout Xi's visit, which is scheduled to endFriday. British opposition leader Jeremy Corbyn has indicated a desire to discuss human rights with Xi when they meet at a palace banquet, but Chinese officials say they would be surprised if he raises the issue...The visit has a serious agenda as both governments are anxious to strengthen business ties despite wide differences over human rights policy. It follows a high profile visit to China by Treasury chief George Osborne, who seeks more Chinese investment. The two governments are already cooperating on nuclear power development, with China making a major investment in a new plant in southeast England."
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