Xi-Obama summit opens new chapter in trans-Pacific co-op(4)

The two countries have agreed to strengthen dialogue, coordination and cooperation through the already-established cyber working group.

Both sides also pledged to help promote the establishment of a fair, democratic and transparent global internet management mechanism mainly through the United Nations so as to build a peaceful, secure, open and cooperative cyberspace, said Yang.

The two leaders have also exchanged views on issues of intellectual property rights protection and human rights, Yang said.

The Chinese side said the Chinese government attaches great importance to the protection of intellectual property rights, and will make greater efforts to improve relevant laws and strengthen law enforcement.

During the summit, the Chinese side said the RMB yuan exchange rate is approaching the equilibrium segment, and Beijing will continue to pursue reform of the RMB exchange rate formation mechanism.

The Chinese side also pointed out that the RMB exchange rate is not the cause of the China-US trade imbalance.