China and the U.S. continue to adhere to the APEC meeting, the respective positions

In the 20 heads of state summit, relations between developed and developing countries some of the problems that exist have not been touched, but they held on Saturday The APEC forum summit again surfaced, such as the United States and China in trade and exchange rate to return to their original position.


Obama warned that China and other countries, economic growth should not over-dependent on exports, Chinese President Hu Jintao reiterated China's commitment to gradually reform the exchange rate system.


Obama in the APEC CEO Summit, said: "The economic crisis is one of our important revelation, heavily dependent on U.S. consumers and Asian exports to drive economic development model has serious limitations."


He said: "No country would think that as long as the export to the United States, can pave the road of prosperity." This is Obama's 10-day tour of Asia last leg, after he had also traveled to India, Indonesia and South Korea.


After Obama spoke, Chinese President Hu Jintao in his speech told the audience of business leaders that China would vigorously expand domestic demand in China will continue to follow the initiative, controllability and gradual nature of the principle of steady progress in the reform of RMB exchange rate formation mechanism .


In his speech, Hu said, China will adhere to the promotion of international balance of payments as an important task in maintaining macroeconomic stability. "


Obama's national security adviser, Tom Donilon ventilation will be later in the press, said to President Hu Jintao visited the United States next January, the exchange rate reform, China needs to show some progress on the issue. (End)


Compilation: Gao Hong Released by: Wang Yan Kun


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