Obama: 'U.S. and China are forced to seek growth'

The U.S. president, Barack Obama said at the beginning of a bilateral meeting with his Chinese counterpart Hu Jintao that the two countries, major economies in the world have the obligation to seek "a firm footing and sustained growth."
Both leaders met shortly before the opening today of G20, which groups the world's major economies, in Seoul and the U.S. and China Currency..
As indicated by the U.S. president, who said the two world powers have strengthened their ties in recent years, the two countries have "special obligations" to ensure nuclear stability.
For its part, the Chinese president said his country will "strengthen dialogue and cooperation" with the U.S..

U.S. and China Currency

"The Chinese side values its relationship with the U.S.. A solid relationship with the U.S. is good for the Chinese people and for peace and prosperity," Hu said in the seventh bilateral meeting between both leaders.
Currency WarThe two presidents have abundant business to discuss. Their countries are heading to a confrontation during the G20 summit on their respective monetary policies, the "war of currencies" and imbalances in current account balances and the U.S. and China Currency.
Washington believes the Chinese currency, the yuan, artificially listed below market value and calls for Beijing to let more rapidly fluctuating more freely.
Beijing is reluctant to liberalize the price of its currency more quickly for fear the effect this may have on their exports and inflation and the U.S. and China Currency..

U.S. and China Economy

But the Republic has also harshly criticized the decision by the U.S. Federal Reserve last week to inject liquidity into the system, valued at 600,000 million dollars.That, argues Beijing will devalue the dollar and adversely affected other economies in its exports.China also refuses to limit its current account surplus of 4% of GDP, as proposed by the U.S and the U.S. and China Currency..

The two leaders will also address issues such as human rights in China, the nuclear programs of Iran and North Korea, Burma elections and the referendum on self-determination in southern Sudan due in January.