President Barack Obama will visit China this year after being invited by Chinese President Hu Jintao today, and both leaders agreed to set up regular talks.
Obama and Hu agreed to establish a “U.S.-China Strategic and Economic Dialogue” to discuss financial, trade and other issues between the two countries, the White House said in a statement. Both sides vowed to combat protectionism that may be arising amid the global recession.
“The relationship between the U.S. and China has become extremely constructive,” Obama said. “Our economic relationships are very strong.”
Obama and Hu met at Winfield House, the residence of the U.S. ambassador to the U.K., where Obama is staying. Obama, Hu and other leaders of the Group of 20 developed and emerging economies are in London to discuss a unified response to the global financial crisis.
“Good relations with the U.S. are 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, according to the official Xinhua News Agency.