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President Hu: US woes not yuan-related (4)

(China Daily)

08:18, November 14, 2011

This is their ninth meeting since Obama assumed office in early 2009. It took place as the US shifts its economic and diplomatic focus eastward to make the Asia-Pacific region its strategic base.

China respects the legitimate interests of the US in the Asia-Pacific region, and welcomes the US to play a constructive role in regional affairs, Hu said.

Yet China also hopes that the US will respect China's legitimate interests in the region and properly manage matters of major concern for each side by promoting regional peace and cooperation, Hu said.

The crux of the China-US partnership is to respect each other's key interests, Hu said.

He called on the US to faithfully follow the principles stated in three China-US Joint Communiques, and properly handle related issues with discretion, Hu said.

What Hu said on respecting each other's key interests will be important principles for China and the US to enhance mutual trust, said Tao Wenzhao, a senior fellow at the Institute of American Studies at the Chinese Academy of Social Sciences.

The meeting between Hu and Obama was a part of the mechanism of frequent high-level exchanges which were agreed after Hu's visit to the US at the beginning of the year. Though there have been ups and downs, the mechanism has worked well, Tao said.

In Hu's last visit, the countries agreed to establish a cooperative partnership.


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PD User at 2011-11-1460.54.90.*
The exchange rate did not cause structural problems in the US economy, such as the trade deficit and unemploymentthe US should loosen export controls on high-tech products to China and make it more convenient for Chinese firms to invest in the US.These have been repeated many times before but US appear thick and choose not to understand them.They like to sing the same old song again and again.
  

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