Chinese president meets with tech industry giants
Chinese President Xi Jinping took the time to meet with the CEOs of some of the largest tech companies in the world during his visit to the United States. Jeff Bezos (Amazon), Mark Zuckerberg (Facebook), Tim Cook (Apple), and Satya Nadella (Microsoft) are some of the more notable business leaders who had an opportunity to speak with China’s premier diplomat.
The meeting took place at the eighth annual U.S.-China Internet Industry Forum which was hosted by the Paulson Foundation in Seattle, Washington. President Xi addressed the audience, touching on subjects such as China’s current economic struggles and international trade. This came after participating in a closed door discussion with business leaders. China has come under intense scrutiny from the tech industry for restricting internet freedom and for stealing intellectual property.
— New York Times World (@nytimesworld) September 24, 2015
One of the hottest topics within the tech industry right now is cyber security. Security of both data and intellectual property has been a significant cause for concern when entering the Chinese market. President Xi claimed, “commercial cyber theft and hacking against government networks are crimes that must be punished in accordance with the law and relevant international treaties.” Despite this hard stance, China is viewed as one of the biggest offenders of cyber security in the world.
National Public Radio’s Aarti Shahani said, “I think the companies want basic rules of engagement. You know, it turns out the U.S. and China hack each other all the time. It’s part of statecraft. But publicly, our governments disagree about what acceptable targets are.”
The internet forum precedes a highly anticipated meeting between President Xi and President Barack Obama in Washington, D.C. Relations between the two largest economies in the world have soured recently. China was recently blamed for hacking the United States’ Office of Personal Management, an incident which affected approximately four million Americans. China and the United States have also had disagreements on clean energy, human rights, and the South China Sea.
If hacking, restrictions on internet freedom, and intellectual property theft continue, should American tech companies enter the Chinese market? Feel free to leave a comment or find me on Twitter @Andrew_Morse4