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September 24, 2009

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Hu talks trade and Tibet with Obama

CHINESE President Hu Jintao and US President Barack Obama, meeting in New York on Tuesday afternoon, pledged efforts to advance relations and called for closer cooperation on global challenges including global warming and the financial crisis.

The two leaders met on the sidelines of the UN climate change summit and other UN sessions. It was their second meeting this year since April when they got together in London during a Group of 20 nations summit on the global financial crisis.

At Tuesday's session, Hu said the recent US decision to impose special safeguard measures on tires imported from China contradicts the interests of both countries and such actions should not happen again.

No protectionism

Under the current economic and financial situation, both China and the US should stand firmly against trade and investment protectionism, Hu said.

On the currency issue, Hu said China has maintained stability in the exchange rate of its yuan even as the economy faced difficulties combating the international financial crisis.

Obama said the US supports free trade and is focused on further expanding trade and economic relations with China.

He said the US is willing to resolve disputes in trade and economic areas through dialogue and consultation.

He expressed appreciation for China's efforts to expand domestic demand and maintain the stability of the yuan against the impact of the global downturn.

On the environmental front, Hu pointed out that global climate change is a common challenge that requires a response from the international community.

Hu emphasized that developed countries should continue to take the lead in reducing emissions after 2012, when the Kyoto Protocol expires, and provide assistance for developing countries in tackling global warming.

Obama also expressed a wish to strengthen bilateral cooperation on climate change, especially in the area of clean energy.

Hu also emphasized that the two countries should respect each other's interests. He said issues related to Taiwan, Tibet and Xinjiang concern China's sovereignty and territorial integrity and the national sentiment of the 1.3 billion Chinese people.


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