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President Hu talks with Obama on ties, crisis

(Xinhua)
Updated: 2009-04-01 23:24

LONDON -- Chinese President Hu Jintao and US President Barack Obama met in London on Wednesday to discuss Sino-US ties, the financial crisis and other major issues of common concern.

"Good relations with the US is not only in the interests of the two peoples, but also beneficial to peace, stability and prosperity of the Asia-Pacific region, and the world at large," Hu said at the beginning of the meeting.

Chinese President Hu Jintao (L) shakes hands with US President Barack Obama at Winfield House, the US Ambassador's residence in London, April 1, 2009. [Agencies]

China is willing to work with the US to make even greater progress in advancing the bilateral relations, He said, hoping to establish "good working relation and personal friendship" with Obama.

Full Coverage:  G20 Financial Summit Related readings:  President Hu arrives in London for G20 summit  Obama arrives in London, first leg of Europe trip  Obama in London for G-20 summit

"The relation between the United States and China has become extremely constructive," Obama said.

"China is a great power and has a long and extraordinary history," Obama said.

"Our economic relation is very strong," he added, hoping the conversation will be "productive" and "open."

"I said publicly our relation is not only important for citizens of the two countries, but also help set the stage for how the world build with a host of challenges."

This is the first meeting between the two leaders since President Obama took office in January this year.

Chinese diplomats said earlier that the two leaders will discuss a wide range of topics including bilateral ties, joint actions to fight the global financial crisis and other international and regional issues of common concern.

Addressing a luncheon meeting at the Center for Strategic and International Studies (CSIS) in Washington last month, Chinese Foreign Minister Yang Jiechi said that the first meeting between President Hu and President Obama will be of great significance for bilateral relations at a new phase.

"Both sides attach great importance to this meeting and are making intensive preparations for it. I am confident that with joint efforts of the two sides, the meeting will be a great success and chart the course for the future growth of China-US relations," the minister said.

Sino-US relationship is one of the most important bilateral relations in the world in the 21st century. Amid spreading international financial crisis and various mounting global challenges, it is all the more important than ever to further deepen and develop Sino-US relations.

In a telephone conversation with President Obama on January 30 this year, the Chinese president said that China is ready to strengthen dialogue, promote mutual trust and expand cooperation with the United States in a bid to confront various global challenges together and push forward a stable development of the Sino-US relationship.

Obama said in the telephone conversation that the US side is expecting closer cooperation with China on major international and regional issues, and the US government is willing to join hands with China to develop a more active and constructive bilateral relationship.

The Chinese and US leaders met on the sidelines of a Group of 20 (G20) summit on financial crisis slated for Thursday in London.

The London Summit brings together leaders of the G20, and representatives of international organizations and financial institutions to work cooperatively to restore stability and stimulate global economic growth.

At Thursday's summit, the leaders will focus on such subjects as enhancing the coordination of macroeconomic policies, pushing for necessary reforms in the world financial system, and stabilizing global financial market.

Chinese Vice Foreign Minister He Yafei told reporters on March 23 that President Hu will deliver a speech at the summit to elaborate China's opinions and proposition on these subjects.

China endeavors to push for positive and pragmatic results at the upcoming London summit, He added.

On the sidelines of the London summit, Chinese President Hu is expected to meet other leaders of G20 members.

The G20 consists of China, Argentina, Australia, Brazil, Canada, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, Britain, the United States, and the European Union.

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