I was very skeptical about last September's US-China "agreement" in which China pledged that it would not "conduct or knowingly support cyber-enabled theft of intellectual property, including trade secrets or other confidential business information, with the intent of providing competitive advantages to companies or commercial sectors." President Obama seemed skeptical too. During the press conference with China's President Xi that announced the cyber agreement, Obama said: "What I've said to President Xi and what I say to the American people is the question now is, are words followed by actions. And we will be watching carefully to make an assessment as to whether progress has been made in this area."