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Nine months after US President Barack Obama and Chinese President Xi Jinping (習近平) agreed to a broad crackdown on cyberespionage aimed at curbing the theft of intellectual property, the first detailed study of Chinese hacking has found a sharp drop-off in almost daily raids on Silicon Valley firms, military contractors and other commercial targets.

However, the study, conducted by the iSight intelligence unit of FireEye, also concluded that the drop-off began a year before Obama and Xi announced their accord in the White House Rose Garden.

In a conclusion that is largely echoed by US intelligence officials, the study said the change...

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