U.S. Secretary of State John Kerry says the United States and China have had a frank exchange on the issue of cyberhacking during this week's "Strategic and Economic Dialogue" in Beijing.

Kerry says the loss of intellectual property through hacking has had a "chilling effect on innovation and investment." He says such activity is hurting U.S. companies.

Kerry made no mention of a New York Times report suggesting significant Chinese hacking of information about U.S. government personnel.

The two countries have been at odds over U.S. indictments of five senior Chinese military officials. Washington accuses the officials of stealing trade secrets from U.S. companies and giving them to Chinese competitors.