●Press Conference with President Obama and President Hu of th_自考专本|专升本|高升专|高升本|在职研究生-学历教育网

The White House

Office of the Press Secretary

For Immediate Release

January 19, 2011

Press Conference with President Obama and President Hu of the People's Republic of China East Room

1:27 P.M. EST

PRESIDENT OBAMA: Good afternoon. It is my pleasure to welcome President Hu to the White House and to return the hospitality that he showed when I visited China last year. This is our eighth meeting. Together we’ve shown that the United States and China, when we cooperate, can receive substantial benefits.

The positive, constructive, cooperative U.S.-China relationship is good for the United States. We just had a very good meeting with the business leaders from both our countries. They pointed out that China is one of the top markets for American exports. We’re now exporting more than $100 billion a year in goods and services to China, which supports more than half a million American jobs. In fact, our exports to China are growing nearly twice as fast as our exports to the rest of the world, making it a key part of my goal of doubling American exports and keeping America competitive in the 21st century.

Cooperation between our countries is also good for China. China’s extraordinary economic growth has lifted hundreds of millions of people out of poverty. And this is a tribute to the Chinese people. But it’s also thanks to decades of stability in Asia made possible by America’s forward presence in the region, by strong trade with America, and by an open international economic system championed by the United States of America.

Cooperation between our countries is also good for the world. Along with our G20 partners, we’ve moved from the brink of catastrophe to the beginning of global economic recovery. With our Security Council partners, we passed and are enforcing the strongest sanctions to date against Iran over its nuclear program. We’ve worked together to reduce tensions on the Korean Peninsula. And most recently, we welcomed China’s support for the historic referendum in southern Sudan.

As we look to the future, what’s needed, I believe, is a spirit of cooperation that is also friendly competition. In areas like those that I just mentioned, we will cooperate -— forging partnerships and making progress that neither nation can achieve alone. In other areas, we’ll compete -— a healthy competition that spurs both countries to innovate and become even more competitive. That’s the kind of relationship I see for the United States and China in the 21st century, and that’s the kind of relationship that we advanced today.

I am very pleased that we’ve completed dozens of deals that will increase U.S. exports by more than $45 billion and also increase China’s investment in the United States by several billion dollars. From machinery to software, from aviation to agriculture, these deals will support some 235,000 American jobs. And that includes many manufacturing jobs. So this is great news for America’s workers.

I did also stress to President Hu that there has to be a level playing field for American companies competing in China, that trade has to be fair. So I welcomed his commitment that American companies will not be discriminated against when they compete for Chinese government procurement contracts. And I appreciate his willingness to take new steps to combat the theft of intellectual property.

We’re renewing our long-running cooperation in science and technology, which sparks advances in agriculture and industry. We’re moving ahead with our U.S.-China clean energy research center and joint ventures in wind power, smart grids and cleaner coal. I believe that as the two largest energy consumers and emitters of greenhouses gases, the United States and China have a responsibility to combat climate change by building on the progress at Copenhagen and Cancun, and showing the way to a clean energy future. And President Hu indicated that he agrees with me on this issue.

We discussed China’s progress in moving toward a more market-oriented economy and how we can ensure a strong and balanced global economic recovery. We agreed that in China, this means boosting domestic demand; here in the United States, it means spending less and exporting more.

I told President Hu that we welcome China’s increasing the flexibility of its currency. But I also had to say that the RMB remains undervalued, that there needs to be further adjustment in the exchange rate, and that this can be a powerful tool for China boosting domestic demand and lessening the inflationary pressures in their economy. So we’ll continue to look for the value of China’s currency to be increasingly driven by the market, which will help ensure that no nation has an undue economic advantage.

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