President Barack Obama announced on Friday that he had 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.
On a bustling street in China's southern boomtown of Shenzhen, more than 30 stores carrying Apple Inc's iconic white logos peddle pre-orders for the new iPhone, a gadget that has become a status symbol among many better-off Chinese.
In the past year, Kim Yoon-sung applied to about 120 companies for a job, and could not land even one. Instead, the 26-year-old South Korean is on her fourth outsourcing contract, one of tens of thousands of young graduates struggling to get regular employment in Asia's fourth-largest economy.r
The White House has contacted China's Foreign Ministry over the detention of an American businesswoman accused of spying, a spokesman said on Tuesday, in a case that blew up just as President Xi Jinping began a visit to the United States.
