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Chinese, US presidents discuss bilateral ties
Source: Xinhua |
June 27, 2010, Sunday
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Online Edition
Online Edition
CHINESE President Hu Jintao and US President Barack Obama yesterday discussed bilateral relations and voiced their opposition against protectionism.
Meeting on the sidelines of a Group of 20 (G20) summit in Toronto, the two leaders also discussed important world and regional issues of common concern.
The Chinese president said that the world economy is undergoing recovery but potential instability and uncertainty remain, and that the financial sector is not free from systemic risks. The European sovereign debt issue is a cause for concern and the world cannot afford to underestimate its impact on global economic recovery.
China and the United States should continue boosting coordination of their macroeconomic policies and stick to the principle of dealing with trade frictions through dialogue on equal footing, Hu said.
China has no intention to pursue a trade surplus against the United States and has been proactively taking measures to increase imports from the country, he said.
Hu called on the United States to refrain from trade protectionism and gradually reduce barriers to high-tech exports to China in order to achieve healthy and balanced bilateral economic and trade relations.
The Chinese president said progress has been made in bilateral ties recently, including the success of the 2nd round of the China-US Strategic and Economic Dialogue last month.
China and the United States should work together to address common challenges, Hu said.
China is willing to work with the United States to carry on contacts, deepen cooperation, boost communication and coordination on important international and regional issues, said the Chinese president.
Obama said the United States is glad to see recent progress in bilateral relations and happy to see a successful and prosperous China.
The two countries have a great potential in bilateral cooperation, and the Strategic and Economic Dialogue has not only helped boost the bilateral relations, but also explore ways of facilitating sustainable development on both sides, Obama said.
Obama said the United States and China should work on the implementation of the decisions made at the Strategic and Economic Dialogue and boost cooperation to push for global economic balance and sustainable development and address climate change.
Obama said the United States is against trade protectionism.
The United States is committed to the one-China principle and respects the core interests of China, said the US president.
Hu said China appreciates the US reiteration of its commitment to the one-China principle and its respect for China's sovereignty and territorial integrity.
Hu accepted Obama's invitation for a state visit to the United States.
The two leaders also discussed the situation on the Korean peninsula and the Iranian nuclear issue.
Meeting on the sidelines of a Group of 20 (G20) summit in Toronto, the two leaders also discussed important world and regional issues of common concern.
The Chinese president said that the world economy is undergoing recovery but potential instability and uncertainty remain, and that the financial sector is not free from systemic risks. The European sovereign debt issue is a cause for concern and the world cannot afford to underestimate its impact on global economic recovery.
China and the United States should continue boosting coordination of their macroeconomic policies and stick to the principle of dealing with trade frictions through dialogue on equal footing, Hu said.
China has no intention to pursue a trade surplus against the United States and has been proactively taking measures to increase imports from the country, he said.
Hu called on the United States to refrain from trade protectionism and gradually reduce barriers to high-tech exports to China in order to achieve healthy and balanced bilateral economic and trade relations.
The Chinese president said progress has been made in bilateral ties recently, including the success of the 2nd round of the China-US Strategic and Economic Dialogue last month.
China and the United States should work together to address common challenges, Hu said.
China is willing to work with the United States to carry on contacts, deepen cooperation, boost communication and coordination on important international and regional issues, said the Chinese president.
Obama said the United States is glad to see recent progress in bilateral relations and happy to see a successful and prosperous China.
The two countries have a great potential in bilateral cooperation, and the Strategic and Economic Dialogue has not only helped boost the bilateral relations, but also explore ways of facilitating sustainable development on both sides, Obama said.
Obama said the United States and China should work on the implementation of the decisions made at the Strategic and Economic Dialogue and boost cooperation to push for global economic balance and sustainable development and address climate change.
Obama said the United States is against trade protectionism.
The United States is committed to the one-China principle and respects the core interests of China, said the US president.
Hu said China appreciates the US reiteration of its commitment to the one-China principle and its respect for China's sovereignty and territorial integrity.
Hu accepted Obama's invitation for a state visit to the United States.
The two leaders also discussed the situation on the Korean peninsula and the Iranian nuclear issue.
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