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Chinese, US presidents meet on bilateral ties, Iranian nuclear issue
Chinese President Hu Jintao and his US counterpart, Barack Obama, met here Monday to discuss bilateral relations, the Iranian nuclear issue, the Renminbi (RMB) exchange rate and other matters of common concern.
In the meeting, Hu put forward a five-point proposal for improving China-US relations.
First, the two sides should persistently stick to the right direction of bilateral ties, and take concrete moves to establish a partnership to jointly deal with common challenges, said Hu.
Second, China and the United States should respect each other's core interests and major concerns. This is key to the healthy and stable development of bilateral ties, he said.
Third, the two sides should keep exchanges at different levels, said Hu, adding he is willing to keep close contact with Obama.
Fourth, the two countries should deepen practical cooperation. China would like to strengthen exchanges and cooperation with the United States in economics and trade, counter-terrorism, energy, environment, and law enforcement.
Fifth, China and the United States should strengthen communication and coordination on major international and regional issues.
On the RMB issue, Hu said China would firmly stick to the path of reforming its currency exchange rate formation mechanism based on its own economic and social development needs.
He said detailed measures for reform should be considered in the context of the world's economic situation, its development and changes, as well as China's economic conditions.
Hu said China and the United States should properly solve their economic and trade rifts through consultations on an equal footing and jointly uphold the larger interests of China-US economic cooperation and trade.
He also said the sound and stable development of China-US economic and trade ties is good for China, for the United States and for the world economic development.
On the Iranian nuclear issue, Hu said China hopes various parties will continue to step up diplomatic efforts and actively seek effective ways to resolve it through dialogue and negotiations.
China and the United States have the same overall goal on the Iranian nuclear issue, he said.
China stands ready to maintain consultation and coordination with the United States and other parties within the 5-plus-1 mechanism, and in the United Nations and through other channels, he added.
The 5-plus-1 mechanism involves the permanent UN Security Council members -- Britain, China, France, Russia and the United States -- plus Germany.
Hu also stated China's principled position on the Iranian nuclear issue, saying China is always committed to upholding the international nuclear non-proliferation regime and peace and stability in the Middle East.
On his part, President Obama said his country respects China's sovereignty concerning the RMB exchange rate issue.
He said he hoped the two sides could find a solution through dialogue and cooperation.
Washington is willing to work with China to build even stronger ties through bilateral and multilateral dialogues and cooperation in such frameworks as the Strategic and Economic Dialogue and the Group of 20 (G20) summits, Obama said.
Obama reiterated Washington's stance on one-China policy, saying that his country would respect China's sovereignty and territorial integrity and its core interests, and address sensitive issues with due care.
The two leaders met on the sidelines of the Nuclear Security Summit, which mainly discusses prevention of acts of nuclear terrorism.
Since the Obama administration took office, China-US relations have witnessed positive development thanks to joint efforts.
In November 2009, Obama paid a state visit to China, during which Hu and Obama held in-depth, productive and candid discussions on bilateral relations and other issues of common interests. The two sides reached agreement on advancing US-China relations in the new era.
Chinese President Hu Jintao and his US counterpart, Barack Obama, met here Monday to discuss bilateral relations, the Iranian nuclear issue, the Renminbi (RMB) exchange rate and other matters of common concern.
In the meeting, Hu put forward a five-point proposal for improving China-US relations.
First, the two sides should persistently stick to the right direction of bilateral ties, and take concrete moves to establish a partnership to jointly deal with common challenges, said Hu.
Second, China and the United States should respect each other's core interests and major concerns. This is key to the healthy and stable development of bilateral ties, he said.
Third, the two sides should keep exchanges at different levels, said Hu, adding he is willing to keep close contact with Obama.
Fourth, the two countries should deepen practical cooperation. China would like to strengthen exchanges and cooperation with the United States in economics and trade, counter-terrorism, energy, environment, and law enforcement.
Fifth, China and the United States should strengthen communication and coordination on major international and regional issues.
On the RMB issue, Hu said China would firmly stick to the path of reforming its currency exchange rate formation mechanism based on its own economic and social development needs.
He said detailed measures for reform should be considered in the context of the world's economic situation, its development and changes, as well as China's economic conditions.
Hu said China and the United States should properly solve their economic and trade rifts through consultations on an equal footing and jointly uphold the larger interests of China-US economic cooperation and trade.
He also said the sound and stable development of China-US economic and trade ties is good for China, for the United States and for the world economic development.
On the Iranian nuclear issue, Hu said China hopes various parties will continue to step up diplomatic efforts and actively seek effective ways to resolve it through dialogue and negotiations.
China and the United States have the same overall goal on the Iranian nuclear issue, he said.
China stands ready to maintain consultation and coordination with the United States and other parties within the 5-plus-1 mechanism, and in the United Nations and through other channels, he added.
The 5-plus-1 mechanism involves the permanent UN Security Council members -- Britain, China, France, Russia and the United States -- plus Germany.
Hu also stated China's principled position on the Iranian nuclear issue, saying China is always committed to upholding the international nuclear non-proliferation regime and peace and stability in the Middle East.
On his part, President Obama said his country respects China's sovereignty concerning the RMB exchange rate issue.
He said he hoped the two sides could find a solution through dialogue and cooperation.
Washington is willing to work with China to build even stronger ties through bilateral and multilateral dialogues and cooperation in such frameworks as the Strategic and Economic Dialogue and the Group of 20 (G20) summits, Obama said.
Obama reiterated Washington's stance on one-China policy, saying that his country would respect China's sovereignty and territorial integrity and its core interests, and address sensitive issues with due care.
The two leaders met on the sidelines of the Nuclear Security Summit, which mainly discusses prevention of acts of nuclear terrorism.
Since the Obama administration took office, China-US relations have witnessed positive development thanks to joint efforts.
In November 2009, Obama paid a state visit to China, during which Hu and Obama held in-depth, productive and candid discussions on bilateral relations and other issues of common interests. The two sides reached agreement on advancing US-China relations in the new era.
