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President Barack Obama shakes hands with Chinese President Xi Jinping during their meeting in the Oval Office of the White House in Washington, Friday, Sept. 25, 2015. (AP Photo/Andrew Harnik)

(Bloomberg) — The U.S. and China announced agreement on broad anti-hacking principles aimed at stopping the theft of corporate trade secrets though President Barack Obama pointedly said he has not ruled out invoking sanctions for violators.

After a morning of meetings with Chinese President Xi Jinping, Obama said the two governments pledged they won’t condone hacking to steal commercial secrets, a first step toward resolving one of the biggest disputes between the two countries.

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