Chinese, U.S. presidents meet in Seoul on bilateral ties

[Brotherhood]

Chinese, U.S. presidents meet in Seoul on bilateral ties (3) - People's Daily Online November 11, 2010

Chinese President Hu Jintao (R) meets with U.S. President Barack Obama in Seoul, capital of South Korea, Nov. 11, 2010. (Xinhua/Liu Jiansheng)

Chinese President Hu Jintao and his U.S. counterpart Barack Obama met in Seoul Thursday to exchange views on Sino-U.S. relations and other major world and regional issues of common concern.

Hu and Obama are meeting on the sidelines of the fifth Group of 20 (G20) summit, at which the participants will mainly discuss how to deal with challenges to the ongoing global economic recovery from a world financial crisis and pave the way for future sustainable and balanced growth.

This is the third meeting between Hu and Obama in eight months. They met in Washington last April when President Hu was there to attend a nuclear security summit. They met again in Toronto, Canada, last June on the sidelines of the fourth summit of G20.

During their Toronto meeting, Hu accepted Obama's invitation for a state visit to the United States early next year.

"China and the United States have maintained close communications on matters concerning the visit," Chinese Foreign Ministry Spokesman Ma Zhaoxu told a regular press conference last month.

He said that both China and the United States are expecting the visit to be successful in making progress on a positive, cooperative and comprehensive China-U.S. relationship in the 21st century.

In a meeting with two senior U.S. officials last September, President Hu called on China and the United States to view their bilateral relationship from a global and strategic perspective.

Furthering the positive, cooperative and comprehensive China-U.S. relationship is more important than ever before, as the world is still facing an uncertain economic recovery and various prominent challenges, Hu told Lawrence Summers, head of President Obama's National Economic Council, and then U.S. Deputy National Security Adviser Tom Donilon.

"China and the United States should make unremitting efforts to enhance dialogue and cooperation, increase common interests, and properly handle problems that emerge in bilateral ties," Hu said.

Source:Xinhua

Chinese President Hu Jintao (L) meets with U.S. President Barack Obama in Seoul, capital of South Korea, Nov. 11, 2010. (Xinhua/Liu Jiansheng)

 

[Aeon]

I guess all might not be as rosy at it may seem:


"There is no possibility of agreement at the upcoming G20 summit because the U.S. is declaring financial war on other countries, believes American economist Michael Hudson. The U.S. has been pushing China to revalue its currency -- at a time when Washington has been pumping billions of dollars into its economy -- a move viewed by other countries as an attempt to deliberately weaken the greenback. The issue of exchange rates is expected to be one of the toughest discussion points at the G20 summit in South Korea later this week. Michael Hudson, a renowned economist and Wall Street financial analyst and advisor, says the meeting in Seoul will not bring an end to global currency wars. "The U.S. is going to China and saying 'we want you to commit economic suicide just like Japan did. We want you to follow the same way: we want you to re-value your currency, we want you to squeeze your companies, we want you to go bankrupt so we can make our profit at your expense," says Hudson."

November 09, 2010
--RT

YouTube - US Black Debt Hole: 'We want you all bankrupt!'

 

[ThatDamnGood]

Its very hard to tell the difference between baring fangs and smiles these days.

 

[Aeon]

Its very hard to tell the difference between baring fangs and smiles these days.

No doubt.