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Summary
US President Barack Obama and Chinese leader Hu Jintao agreed to enhance cooperation on rate of China's yuan currency, access to Chinese markets or strategic issues and tens of billions of dollars in US export deals.But both sides promised to seek further cooperation on the world's most pressing issues and Obama welcomed China's rise as a key power and looked forward to an era of friendly competition. The president also candidly laid out US differences with China, demanding a level playing field for US firms, said the yuan was undervalued and encouraged dialogue with the Dalai Lama's representatives over Tibet.Both sides promised to seek further cooperation on the world's most pressing issues and Obama welcomed China's rise as a key power and looked forward to an era of friendly competition. The president also candidly laid out US differences with China, demanding a level playing field for US firms, said the yuan was undervalued and encouraged dialogue with the Dalai Lama's representatives over Tibet.
