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Last week, President Obama and Chinese President Xi Jinping announced a new agreement stating that both countries would curb and condemn economic espionage.

However, a number of experts and congressmen have cast doubts about China’s sincerity in the pledge.

While speaking at a joint press conference in the White House Rose Garden, Obama said, “it has to stop…The question now is, are words followed by actions?”

The President added that he is ready to levy sanctions against Chinese individuals and companies if the cyber espionage does not stop. A number of experts and lawmakers including Senator McCain (R-AZ),  Mike Rogers (R-AL) and Director of National Intelligence James Clapper stated that they believe that the agreement is a farce and doubt that China will stop its economic espionage activities.

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