Source: CCTV.com

04-02-2009 13:24

Special Report:   G20 Summit in London

Chinese President Hu Jintao and US leader Barack Obama will fight protectionism and work together in dealing with the global economic challenges. This came in their first face-to-face meeting in London on Wednesday. Ahead of the G-20 summit, they also agreed to start a new cooperation mechanism between the world's biggest developing countries and the world's largest developed nation.

Chinese President Hu Jintao and US leader Barack Obama will fight protectionism and work together in dealing with the  global economic challenges.

Meeting ahead of the Thursday's G-20 summit in London, President Hu Jintao praised China-U.S. ties, saying they have gotten off to a good start since the new US administration came into office.

During their talks, the two sides agreed to establish a new mechanism for "US-China Strategic and Economic Dialogues". Chinese State Councilor Dai Bingguo and US Secretary of State Hillary Clinton will chair the "Strategic Track". Meanwhile, Chinese vice premier Wang Qishan and US Treasury Secretary Timothy Geithner will chair the "Economic Track". The first round of these dialogues are scheduled to be held in Washington this summer.

President Hu Jintao says China is willing to work with the US to make greater progress in advancing bilateral relations. He stressed that it is more important than ever to further develop Sino-US ties in the midst of the spreading global financial crisis, as well as various mounting challenges. Hu Jintao also says he hopes to establish a good working relationship and personal friendship with Obama.

Obama noted that bilateral relations between the two countries have become extremely constructive. He said strong ties are not only important for citizens in both countries but also help to set the stage for how the world deals with new challenges.

President Hu also invited President Obama to visit China in the second half of 2009 and President Obama accepted the invitation.

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Editor:Qin Yongjing