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Hu, Obama agree to cooperate more

(chinadaily.com.cn)
Updated: 2009-11-17 12:47

Hu: China, US to cooperate in macroeconomic, financial policies to solidify recovery  

China and the United States have agreed to continue dialogue and cooperation in macroeconomic and financial policies as the the recovery of the global economy remains unsteady, Chinese President Hu Jintao told the press here on Tuesday after his talks with visiting US President Barack Obama.

Hu said he and President Obama exchanged views on the current global financial situation and held that given the positive signs of the recovering global economy, the foundation of it was far from solid.

"We both agreed to properly handle trade frictions between the two countries through negotiations on an equal basis, and to make concerted efforts to boost bilateral trade and economic ties in a healthy and steady way," said Hu.

"I stressed to President Obama that under the current situation, both China and the United States should oppose and resist protectionism in all forms in an even stronger stand," he said.

Hu; China, US to work together for positive results at Copenhagen summit

China and the United States would work together for positive results at the Copenhagen summit slated for December this year, Chinese President Hu Jintao said here on Tuesday.

"President Obama and I agreed to expand the China-US cooperation in the fields of climate change, energy and environment," Hu told the press after talks with visiting US President Barack Obama.

China and the United States would cooperate with all sides concerned, on the basis of the "common but differentiated responsibilities" principle and their respective capabilities, to help produce positive results at the Copenhagen summit on climate change, said Hu.

China and the United States have signed documents of cooperation including a memorandum of understanding on enhancing cooperation on climate change, energy and the environment, and have officially launched an initiative on a joint research center on clean energy, he added.

Hu: China, US apreciate role of G20 summit in coping with global financial crisis

Chinese President Hu Jintao said here on Tuesday that both China and the United States appreciated the major role of the G20 summit in coping with the global financial crisis.

Speaking to the press after talks with visiting US President Barack Obama, Hu said he and Obama spoke highly of the significant roles played by the G20 summit.

"China and the United States would work together with all other members to fully carry out the commitments of all G20 summits and continuously strengthen the role of G20 in the management of the global economy, while pushing forward the international financial system reform and increasing the voices of developing countries on the global financial arena by ensuring that they are better represented," Hu said.

Hu: China, US to cooperate in space exploration, high-speed rail construction

Chinese President Hu Jintao met here with visiting US President Barack Obama on Tuesday. Both leaders agreed to start cooperation in new fields of space exploration and high-speed railway construction.

Hu said both leaders agreed to deepen cooperation between China and the United States on the basis of mutual benefits in areas such as anti-terrorism, law enforcement, science and technology, agriculture, health care and civil aviation.

The two leaders also initiated to start cooperation in new areas like space exploration and high-speed railway infrastructure construction, and keep promoting greater development in military relations.

Obama and Hu also discussed to expand cultural exchanges between the two nations, especially youth exchanges, and supported both sides to set up a cultural exchange mechanism and to strengthen cooperation on dispatching more students to each other countries.

Obama is paying a four-day visit to China, his maiden trip to China since taking office in January.

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