PRESIDENT OBAMA: Well, I want to extend a warm welcome to President Hu as he attends this APEC Summit, and we are glad to host him and the other world leaders who are attending.
This will be the first extensive discussions that we’ve had since our very successful state visit by President Hu to Washington.
As we emphasized at that state visit, as two of the world’s largest countries and largest economies, cooperation between the United States and China is vital not only to the security and prosperity of our own people but is also vital to the world.
Such cooperation is particularly important to the Asia Pacific region, where both China and the United States are extraordinarily active. We are both Pacific powers. And I think many countries in the region look to a constructive relationship between the United States and China as a basis for continued growth and prosperity.
As we did at the G20 in Cannes, President Hu and I I’m sure will be discussing 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.
And I look forward to the opportunity to also discuss a range of both regional and global security issues, including nonproliferation and denuclearization of the Korean Peninsula, ways that we can work together on issues like climate change, and our efforts to jointly assure that countries like Iran are abiding by international rules and norms.
And although there are areas where we continue to have differences, I am confident that the U.S.-China relationship can continue to grow in a constructive way based on mutual respect and mutual interests. And I want to extend my appreciation to President Hu for the continuous engagement not only of him but also of the entire Chinese government in addressing a wide range of these issues.
So, welcome, President Hu, and I look forward to not only a good discussion here but also an outstanding APEC Summit. Read Hu's comments here
