(From Carbonated TVs Editor's Desk)
Chinese President Hu Jintao is currently on a three-day trip to U.S. with an agenda of meeting not only the U.S. President Obama but also top legislators, business executives and then visit Chicago. During his trip he plans to have talks on trade, currency and North Korea.
Hu arrived at Joint Base Andrews in Maryland on Tuesday and was welcomed by Vice President Joe Biden accompanied by an honor guard and a military band playing the national anthem of the two countries. Later that day he had a small informal dinner at the White House with Obama, Secretary of State Hillary Clinton and National Security Advisor Tom Donilon. This dinner provided an interesting informal platform to have some of the discussions.
Prior to Hu’s arrival, U.S. legislators and demonstrators showed criticism over China’s human rights records including political repression. Previous week the Treasury Secretary Timothy Geithner suggested that China must address its undervalued currency and its dependence on exports. A bill was introduced by Sen. Charles Schumer along with two other Democrats which would impose penalties including possible tariffs on nations that manipulate their currencies. Senators accused China’s currency for undercutting U.S. manufacturers and costing American jobs.
"China's currency is like a boot on the throat of America's economic recovery," Schumer said.
However, this accusation was dismissed by Hu as he argued that price stability is a reason for Yuan appreciation and that Chinese inflation is “moderate and controllable.”
On Wednesday (today) leaders of the world's two largest economies will have bilateral talks followed by a joint news conference where Hu will emphasize on a comprehensive partnership between U.S. and China to develop worldwide stability. And at the same time Obama will press on human rights and currency control issues.
This will then be followed by a formal state dinner hosted by President for President Hu, who will be the guest of honor for the evening. This dinner will mark the 8th face-to-face meeting between the two leaders, and the third state dinner of the Obama Administration. The last state dinner that was hosted for China was about 13 years ago in 1997 when President Bill Clinton had welcomed President Jiang Zein and his wife, Wang Yeping.
President Obama will host a formal state dinner for his Chinese counterpart on Wednesday -- part of a day that will include bilateral talks and a joint news conference.
Chinese President Hu Jintao is on a three-day trip to the United States for talks on trade, currency and North Korea. It will be the eighth face-to-face meeting between the two leaders.
Hu will stress the importance of a comprehensive partnership between the two nations to help ensure stability worldwide, Chinese state media reported, despite their differences on issues such as human rights and currency controls.
In addition to Obama, the leader is scheduled to meet with top legislators and business executives and then visit Chicago.
Hu arrived at Joint Base Andrews in Maryland on Tuesday to a welcome that included an honor guard and a military band that played the national anthems of both countries. Vice President Joe Biden greeted him on arrival.
Later Tuesday, he had a small dinner at the White House with Obama, Secretary of State Hillary Clinton and National Security Adviser Tom Donilon.
"This provides a bit of an informal setting in which to have some of these discussions," White House Press Secretary Robert Gibbs said about the dinner.
On Wednesday, the two leaders will hold bilateral talks followed by a joint news conference. Hu will be the guest of honor at a formal state dinner in the evening.