酷兔英语

NEWSPAPER EDITION
2010-11-12 01:53
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President Hu Jintao meets United States President Barack Obama on the sidelines of the G20 summit in Seoul yesterday. Obama said the relationship between the US and China has grown stronger in recent years and the two countries have "special obligations" to ensure nuclear stability and strong, stable economic growth. The two leaders also discussed the currency exchange issue during the 80-minute meeting. Hu expressed a strong commitment to moving forward on a flexible rate.

CHINESE President Hu Jintao and United States President Barack Obama yesterday agreed to work together to advance relations between their two countries.

Meeting on the sidelines of the Group of 20 summit in Seoul, the two leaders discussed bilateral relations as well as important regional and international issues.

Hu said China was determined to push forward reform of the exchange rate formationmechanism, but that reform would have to be carried out in a good externalenvironment and in a gradual manner.

China's decision to further push forward the reform of its exchange rate formationmechanism was a difficult one made at a time of very challenging situations in terms of the economy and employment, Hu said.

The US should relax restrictions on exports of high-tech products to China, Hu said, and provide a fair environment for Chinese enterprises investing in the US.

The US also should work together with China to push forward the steady and healthy development of the economic and trade ties, he said.

Hu also expressed China's concern at the policy of quantitative easing the US is pursuing, saying the US should take the interests of developing countries into consideration.

Hu said China was ready to work with the US in strengthening bilateral dialogue, mutual exchanges and cooperation, respecting each other's core interests and pushing for the healthy and steady development of relations between China and the US.

Obama said the US was ready to boost cooperation with China on securing strong, sustainable and balanced growth of the world economy.