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BEIJING, Nov. 17 (Xinhua) -- The United States and China, the world's first and third largest economies, have pledged to rebalance each other's economy and move in tandem on forward-looking monetary polices for a strong and durable global economic recovery, according to a China-U.S. joint statement released here on Tuesday.     The statement, issued after talks between Chinese President Hu Jintao and his U.S. counterpart Barack Obama, has climaxed the latter's first China trip since he took office in January.     "China will continue to implement the policies to adjust economic structure, raise household incomes, expand domestic demand to increase contribution of consumption to GDP growth and reform its social security system," said the statement.     The United States, in return, will take measures to increase national saving as a share of GDP and promote sustainable non-inflationary growth.     "To achieve this, the United States is committed to returning the federal budget deficit to a sustainable path and pursuing measures to encourage private saving," it said.     President Obama made it clear at an earlier press conference Tuesday afternoon that the rebalancing strategy would require America to save more, reduce consumption and reduce long-term debts.     The statement also said that both sides will pursue forward-looking monetary policies and have "due" regard for the ramifications of those policies for the international economy.     The two also agreed to expedite negotiation on a bilateral investment treaty, and work proactively to resolve bilateral trade and investment disputes in a constructive, cooperative and mutually beneficial manner.     Recognizing the importance of open trade and investment to their domestic and the global economies, the two are committed to jointly fight protectionism in all its manifestations.     "We both agreed to properly handle trade frictions between the two countries through negotiations on an equal basis, and to make concerted efforts to boost bilateral trade and economic ties in a healthy and steady way," said President Hu.     "I stressed to President Obama that under the current situation, both China and the United States should oppose and reject protectionism in all forms in an even stronger stand," he said.     The two sides also reiterated that they would continue to strengthen dialogue and cooperation on macro-economic policies and pledged to honor all commitments made at the first round of the Sino-U.S. Strategic and Economic Dialogue last July, the Group of 20 summits, and the recently concluded APEC Economic Leaders' Meeting in Singapore.     The statement said that both sides commended the important role of the three G20 summits in tackling the global financial crisis, and were committed to work with other members of the G20 to enhance the G20's effectiveness as the premier forum for international economic cooperation.     China and the United States also agreed to work through a cooperative process on mutual assessment to make the G20 Framework for Strong, Sustainable and Balanced Growth a success.     The statement said that both sides welcomed recent agreements by the G20 to ensure that the International Financial Institutions (IFIs) have sufficient resources and to reform their governance structures.     "The two sides stressed the need to follow through on the quantified targets for the reform of quota and voting shares of IFIs as soon as possible, increasing the voice and representation of emerging markets and developing countries in these institutions consistent with the Pittsburgh Summit Leaders Statement," it said.

BEIJING, Nov. 16 (Xinhua) -- U.S. President Barack Obama arrived in Beijing Monday afternoon to continue a four-day state visit to China after meetings with officials and students in Shanghai. Chinese Vice President Xi Jinping greeted him at the airport. U.S. President Barack Obama waves as he steps off Air Force One at the airport in Beijing, capital of China, on Nov. 16, 2009. Obama arrived here Monday afternoon to continue his four-day state visit to ChinaChinese Vice President Xi Jinping walks with U.S. President Barack Obama at the airport in Beijing, capital of China, on Nov. 16, 2009. Obama arrived here Monday afternoon to continue his four-day state visit to China    During his stay in Beijing, Obama is to meet with Chinese leaders and exchange views on bilateral relations and major international and regional issues of common concern. He will also visit the Forbidden City and the Great Wall, two of China's most cherished heritage sites. A child presents a bouquet to U.S. President Barack Obama as Chinese Vice President Xi Jinping gestures at the airport in Beijing, capital of China, on Nov. 16, 2009. Obama arrived here Monday afternoon to continue his four-day state visit to China. Obama arrived in Shanghai Sunday night, the first stop of his maiden trip to China since taking office in January. He met with Shanghai Party chief Yu Zhengsheng and had a dialogue with Chinese youth earlier Monday.     China is one leg of Obama's Asian tour, following his visit to Japan and Singapore. He is slated to leave Beijing for the Republic of Korea Wednesday afternoon. Chinese Vice President Xi Jinping shakes hands with U.S. President Barack Obama at the airport in Beijing, capital of China, on Nov. 16, 2009. Obama arrived here Monday afternoon to continue his four-day state visit to ChinaU.S. President Barack Obama arrives at the airport in Beijing, capital of China, on Nov. 16, 2009. Obama arrived here Monday afternoon to continue his four-day state visit to China

BEIJING, Nov. 13 (Xinhua) -- Chinese Premier Wen Jiabao said here Friday that China is committed to fully tackling climate change and pledged contribution to the international cooperation in this regard.     Wen made the remarks while meeting with the foreign representatives who attended the 9th annual conference of China Council for International Cooperation on Environment and Development (CCICED). Chinese Premier Wen Jiabao (R) shakes hands with Margaret Biggs, president of the Canadian International Development Agency, in Beijing, Nov. 13, 2009. Wen Jiabao met with the foreign representatives who attended the 9th annual conference of China Council for International Cooperation on Environment and Development (CCICED) on Friday.While tackling the global financial crisis, the Chinese government has never relaxed its requirements for energy conservation, emissions reduction and environmental protection, and is striving to seek new economic growth opportunities in environmental protection and eco construction fields, said Wen.     Wen said China will integrate actions on climate change and carbon dioxide emission cut into its economic and social development plan and take legal, economic and technological measures to fully advance its work in fighting the climate change. Chinese Premier Wen Jiabao (R) talks with Margaret Biggs, president of the Canadian International Development Agency, in Beijing, Nov. 13, 2009. Wen Jiabao met with the foreign representatives who attended the 9th annual conference of China Council for International Cooperation on Environment and Development (CCICED) on Friday. China will participate actively in the upcoming UN climate change conference in Copenhagen and make contribution to the international cooperation in the climate change issue, Wen said.     CCICED, established in 1992, is an environment consulting organization composed of officials and experts from home and abroad to provide policy advice to the Chinese government.

BEIJING, Nov. 17 (Xinhua) -- Chinese President Hu Jintao said here Tuesday that China and the United States will start preparations as soon as possible for the second round of the China-U.S. Strategic and Economic Dialogue (S&ED) scheduled for next summer in Beijing.     China and the United States will continue implementing the agreements reached at the first round of the dialogue last July in Washington, Hu said in remarks to reporters after talks with visiting U.S. President Barack Obama.     The two leaders spoke positively during the talks of the importance of the strategic and economic dialogue mechanism in strengthening mutual trust and cooperation between the two nations, he said.     Both leaders believed that close high-level contacts and other dialogues and consultations at various levels are essential to the development of bilateral relations, said the Chinese president.     The two sides agreed to keep close communication through visits, phone calls, letters and meetings during multilateral events, Hu said.

SHANGHAI, Nov. 16 (Xinhua) -- President Barack Obama said here Monday that the United States would further expand its youth exchanges with China by dramatically expanding the number of students studying here to 100,000.     Obama said during a dialogue with Chinese students in Shanghai Science and Technology Museum Monday afternoon that young people in China and U.S. are the best ambassadors and that cooperation between the countries should go beyond the governments.     "These exchanges mark a clear commitment to build ties among our people, as surely as you will help us determine the destiny of21st century," he said.     Shanghai was the first leg of Obama's maiden trip to China on Nov. 15-18 since he took office in January.     "I believe strongly that cooperation must grow beyond our government. It must be rooted in our people, in the studies we share, in the business we do, in the knowledge that we gain, and even in the sports we play, and these bridges must be built by men and women just like you, and your counterparts in America," Obama told an audience of about 600 university students in Shanghai.     "I am absolutely confident that America has no better ambassadors to offer than our young people, for they just like you are filled with talent, energy and optimism about the history that is yet to be written.     "So let this be the next step in the steady pursuit of cooperation between our two nations and the world," Obama said.     After delivering the opening remarks, Obama took questions from students as well as the Chinese online community, covering a wide range of topics such as Sino-U.S. cooperation, cross-Strait relations and anti-terrorism in the U.S..     The White House website Sunday posted a notice of Obama's meeting with Chinese youth, saying that holding the event in Shanghai was symbolic as the Shanghai Communiqué was announced here and helped pave the way for normalization and the first 30 years of formal diplomatic relations.     "If there is one thing we can take from today's dialogue, I hope that it is a commitment to continue this dialogue going forward," Obama said in his speech.

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