Hu, Obama to hold Washington talks
Source: Agencies/Shanghai Daily |
April 8, 2010, Thursday
|
Print Edition
Print Edition
PRESIDENT Hu Jintao will hold talks with American counterpart Barack Obama during a coming trip to the United States to attend a nuclear security summit in Washington DC.
Vice Foreign Minister Cui Tiankai made the formal announcement yesterday.
"The two leaders will have an in-depth exchange of views on a wide range of issues," Cui told reporters in Beijing.
Hu is also scheduled to give a speech at the summit to be held next Monday and Tuesday.
Cui said Hu would analyze international nuclear security and put forward China's proposals on the strengthening of global cooperation in this area to meet challenges.
The White House said on Tuesday that Obama would raise the currency issue with Hu during their meeting next week.
Cui would not say whether Hu would discuss the yuan.
However, he said China did not want economic disputes to get out of hand.
"Of course between China and the US, including in the sphere of economics, trade and finance, there are sometimes differing points of view," Cui said.
"But above all, our two countries have very important common interests in these important areas that are constantly strengthening."
China was ready to strengthen cooperation with the US in various areas and make unremitting efforts to this end, Cui said.
Meanwhile, the US announced yesterday that Treasury Secretary Timothy Geithner would visit Beijing today for talks with Vice Premier Wang Qishan.
"The secretary and the vice premier have been working together to find an opportunity to meet for some time," Geithner's spokesman Andrew Williams said in Mumbai as they ended a two-day visit to India.
Williams gave no details of the agenda for the meeting, but the decision to have such a high-level encounter suggested China and the US are moving toward settling the dispute over the yuan, which has threatened to overshadow cooperation on the global economy and other issues.
The Obama administration delayed a report to Congress due on April 15 in which it had the option of citing China as a currency manipulator, a designation that could lead to a World Trade Organization complaint and possible trade sanctions.
Obama vowed in February to press ahead for an end to exchange rate systems that he said depressed the value of a wide range of currencies and harmed American companies.
Premier Wen Jiabao has publicly rejected foreign pressure over the yuan and said in March the Chinese currency was not undervalued.
China tied the yuan to the dollar for decades but broke that link in 2005 and allowed it to rise by 21 percent through late 2008.
The government slammed on the brakes after the global financial crisis hit and has held its currency steady against the greenback to help exporters compete as a plunge in global demand wiped out millions of Chinese factory jobs.
The National Development and Reform Commission, the nation's top economic planner, said China would continue to monitor exchange rate risks facing exporters.
(Shanghai Daily/Agencies)
Vice Foreign Minister Cui Tiankai made the formal announcement yesterday.
"The two leaders will have an in-depth exchange of views on a wide range of issues," Cui told reporters in Beijing.
Hu is also scheduled to give a speech at the summit to be held next Monday and Tuesday.
Cui said Hu would analyze international nuclear security and put forward China's proposals on the strengthening of global cooperation in this area to meet challenges.
The White House said on Tuesday that Obama would raise the currency issue with Hu during their meeting next week.
Cui would not say whether Hu would discuss the yuan.
However, he said China did not want economic disputes to get out of hand.
"Of course between China and the US, including in the sphere of economics, trade and finance, there are sometimes differing points of view," Cui said.
"But above all, our two countries have very important common interests in these important areas that are constantly strengthening."
China was ready to strengthen cooperation with the US in various areas and make unremitting efforts to this end, Cui said.
Meanwhile, the US announced yesterday that Treasury Secretary Timothy Geithner would visit Beijing today for talks with Vice Premier Wang Qishan.
"The secretary and the vice premier have been working together to find an opportunity to meet for some time," Geithner's spokesman Andrew Williams said in Mumbai as they ended a two-day visit to India.
Williams gave no details of the agenda for the meeting, but the decision to have such a high-level encounter suggested China and the US are moving toward settling the dispute over the yuan, which has threatened to overshadow cooperation on the global economy and other issues.
The Obama administration delayed a report to Congress due on April 15 in which it had the option of citing China as a currency manipulator, a designation that could lead to a World Trade Organization complaint and possible trade sanctions.
Obama vowed in February to press ahead for an end to exchange rate systems that he said depressed the value of a wide range of currencies and harmed American companies.
Premier Wen Jiabao has publicly rejected foreign pressure over the yuan and said in March the Chinese currency was not undervalued.
China tied the yuan to the dollar for decades but broke that link in 2005 and allowed it to rise by 21 percent through late 2008.
The government slammed on the brakes after the global financial crisis hit and has held its currency steady against the greenback to help exporters compete as a plunge in global demand wiped out millions of Chinese factory jobs.
The National Development and Reform Commission, the nation's top economic planner, said China would continue to monitor exchange rate risks facing exporters.
(Shanghai Daily/Agencies)
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