U.S., China Pledge Cooperation On Key Issues
"Homage to the family, the belief that education and hard work and sacrifice of the future is what we are doing, and, above all, we want to give children a better life," Obama said, listing what he called the common values U.S. and China, roasting Hu.
Hu, Obama roasted at the first formal state dinner for China in 13 years, praised the U.S. president for rapprochement between the two countries closer together.
"We have increased exchanges in cooperation in a wide range of areas, has maintained communication and coordination on major international and regional issues, and has played a positive role in promoting peace, stability and prosperity in Asia and Pacific and the world. "
Hu said he had reached an "important agreement" with Obama during his visit.
"We agreed that our two countries should intensify contacts on the higher levels and others to strengthen strategic mutual trust through dialogue and communication, strengthen exchanges and cooperation in all areas and strengthen communication and coordination on international and regional issues, "he said.
This morning, Obama and Hu met behind closed doors at the White House for several hours that senior officials from both countries worked to meet a wide range of issues related to global economic crisis, international security, environment and rights human.
Obama presidential administration officials used the meeting with Hu stresses economic development between countries, says the approval of Beijing's $ 45 billion of new contracts for U.S. companies to export goods to China. The agreements support about 235,000 jobs in the United States, according to the White House.
The two leaders acknowledged the continuing differences on human rights, but pledged to continue working on these issues in a "frank and sincere," said Obama.
Hu, who began his three-day trip in the afternoon on Tuesday the United States have been entitled to a military honor guard and a review of the White House - part of the traditional pump and circumstances reserved for visiting heads of major powers.
Obama welcomed Hu's visit as an opportunity to lay the groundwork for the next 30 years, Sino-US relations.
"At one point questioned the benefits of cooperation between the U.S. and China, the visit is ... an opportunity to demonstrate a simple truth," said Obama. "We have an important role in their mutual success in an interconnected world, in a global economy, nations -. including ours - will be more prosperous and more secure when we work together."
Hu said the relationship between the two powers to one of "strategic importance and global influence."
Under "new circumstances and in light of new challenges, China and U.S. share broad common interests and important common responsibilities," he said.
"Our cooperation partners must be based on mutual respect," he added. "China and the U.S. should respect the choice of each of the development process and the fundamental interests of others."
The official state dinner for Hu on Wednesday night is an opportunity for third, as its administration. Among the 225 persons in attendance were former Presidents Jimmy Carter and Bill Clinton, former Secretaries of State, Madeleine Albright, George Schultz and Henry Kissinger, the Supreme Court Stephen Breyer, actor Jackie Chan, Chris Gregoire, Washington Governor and designer Vera Wang . Herbie Hancock and Lang Lang for entertainment after dinner.
The last White House state dinner in China was in October 1997 when Clinton was welcomed by President Jiang Zemin and his wife Wang Yeping.
At the request of Mr. Hu, the menu Wednesday night was a celebration of all Americans who participated in the gathering of honey last summer and garden products from the White House.
While Hu was in the White House, joined Obama's meeting with key business leaders. List of business leaders to participate in the discussion of Lloyd Blankfein of Goldman Sachs, HSBC, John Thornton, Paul Otellini of Intel, Motorola Greg Brown, Microsoft's Steve Ballmer, Jeff Immelt GE, and Boeing's Jim McNerney.
American car manufacturers were out of the guest list, even if their push to gain market share in the booming Chinese automobile industry.
Hu also met with Secretary of State Hillary Clinton and Vice President Joe Biden the Foreign Ministry. E 'be a meeting with congressional leaders on Thursday, before going to Chicago.
The Chinese leader attended a small dinner at the White House Tuesday with Obama, Hillary Clinton, National Security Adviser Tom Donilon.
Dinner provided "a bit informally to some of these discussions," the White House Robert Gibbs said.
At a press conference with reporters Wednesday, Obama said he had received a promise from Mr Hu to establish more "level playing field" for trade in the United States. The Chinese currency, "Obama said, is still underestimated - a key factor in U.S. trade imbalance with China.
Hu acknowledged that differences remain on key economic policy, but promised that Beijing will continue to try to resolve these differences.
Obama noted that he and Hu agreed on the need to reduce tensions on the Korean Peninsula and prevent further provocations by Pyongyang. A Korean peninsula without nuclear weapons remains a central goal for both leaders, Obama said.
human rights remains a crucial point for bonding the two men. The United States had opposed for decades, including the handling of China's Tibet and political dissidents, as the Nobel Prize Liu Xiaobo, who remains in prison.
Obama on Wednesday defended the government's decision to engage China in spite of these differences has stressed that "China has a different political system we have," and is "different stages of development."
"I was very frank with President Hu on these issues," Obama told reporters, "are sometimes a source of tension."
However, "we can participate and discuss these issues in a frank and sincere," he said.
Hu defended his country's human rights situation and stated that "China also recognizes and respects the universality of human rights." At the same time, he said, it is important to take into account "the different national conditions."
"We will continue our efforts to improve the lives of Chinese people" and promote "democracy and the rule of law," he said. Meanwhile, Beijing is ready to cooperate with Washington on the basis of "mutual respect" and the principle "non-interference" in internal affairs.
Obama rejected a reporter's question on fear of higher U.S. of China, saying China's explosive economic growth is good for the world and, more specifically, American companies.
"We welcome China's rise," Obama said. Washington simply wants to ensure that it "strengthens the international standards and international rules and increases the security and peace as opposed to being a source ... conflict. "
Although the meeting discussed various issues, U.S. officials continued to focus heavily on the government-controlled People's Bank of China has been artificially undervalued the yuan would reduce China's exports, which would be an advantage in international markets.
Last week, U.S. Treasury Secretary Timothy Geithner China must do more to address its currency undervalued and dependence on exports, adding that such an approach is in the interests of Beijing, as it would to control inflation.
Senate Democrats this week to renew their efforts to crack down against countries that manipulate their currencies, with China clearly in their sights.
A bill introduced Monday by Sen. Charles Schumer of New York and two Democrats are imposed sanctions, including possible charges in countries that manipulate their currencies.
The senators told reporters on a conference call that China's currency and trade policies cost less than American manufacturers and U.S. jobs.
Hu dismissed the argument that price stability is the result of the appreciation of yuan, said the Washington Post and The Wall Street Journal that China's inflation is "moderate and manageable."