Chinese President Hu Jintao in state visit to USA

February, 2011

The President of the People’s Republic of China, Hu Jintao, has been in a state visit to USA. During his staying in USA, he spoke with the American President Obama about the potential of bilateral relations between USA and discuss about relevant in issues in economic policy and human rights.

Chinese President Hu Jintao had a state visit to the United States. To welcome him, the U.S. President Obama. The meeting between the two leaders was an opportunity to return on some issues of economic policy on which they had come quite significant differences between the two administrations, particularly in reference to U.S. pressure for China would allow a faster appreciation of the yuan and, by contrast, the replication of China denouncing the U.S. strategy of quantitative easing. President Obama has also brought to the attention of its Chinese analogue the human rights issues, which in the past had highlighted tensions. Another key element for the US is improving Chinese respect for intellectual property rights. In several speeches over the past weeks, the U.S. secretaries of State, Defense, Commerce and Treasury put down a series of markers on what the United States expects from China in forging a cooperative relationship in the future.
“History teaches us that companies are more harmonious, more thriving and that the world is more just when the rights and responsibilities of all countries and all people are respected.”

Barack Obama

U.S. President

Regarding trade relations between the two countries, Obama did not fail to emphasize that China is now a key market for U.S. exports and the commercial partnership between the two countries could contribute to economic growth and development in both countries. The provider Reuters announced that United States and China have concluded trade agreements for 45 billion dollars: in preparation for the visit of Chinese President Hu Jintao - said the White House - some important projects have been approved, including the purchase by China of 200 Boeing planes, for a total amount of about $ 19 billion. America is also a privileged destination for Chinese foreign investment abroad: according to the Ministry of Foreign Trade of China, in 2009 investment in areas of North America increased by 318% over the 2008 figure. Areas that most interest the Dragon include alternative energy, food, biotechnology, information technology, microelectronics, financial services, expecially in banking and insurance sector, to support the penetration of Chinese companies abroad.