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Obama raises economic rebalancing with Hu

Sunday, November 13, 2011 - 01:25

Nov 13 - U.S. President Barack Obama discusses the need for a rebalancing of the global economy in a meeting with Chinese President Hu Jintao. Marie-Claire Fennessy reports

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The leaders of the world's two biggest economies appeared together before face to face talks and sought to play down difference that have tested US-China ties. They stressed the need for cooperation to tackle global challenges. (SOUNDBITE) (English) U.S. PRESIDENT BARACK OBAMA SAYING: "President Hu and I are sure we'll be discussing the issues related to economic growth, how we can continue to rebalance growth around the world, emphasize the importance of putting people back to work, and making sure that the trade relationships and commercial relationships between our two countries end up being a win-win situation." China's President said it was important for the two nations to work together. (SOUNDBITE) (Mandarin) CHINESE PRESIDENT, HU JINTAO, SAYING: "China looks forward to maintaining and strengthening dialogue and cooperation with the United States, to respect each others' major concerns, appropriately manage sensitive issues, and ensure that the China-US relationship will continue to grow on a sustainable and stable path." The US has pressed China to allow its currency to rise. US officials argue this will help China shift away from an over-reliance on exports towards more domestic demand. Marie-Claire Fennessy, Reuters

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Obama raises economic rebalancing with Hu

Sunday, November 13, 2011 - 01:25