News / USA

Top US, Chinese Business Leaders Meet With Obama, Hu

U.S. President Barack Obama and Chinese President Hu Jintao walk past guests during an official South Lawn arrival ceremony for Hu at the White House in Washington, 19 Jan 2011
U.S. President Barack Obama and Chinese President Hu Jintao walk past guests during an official South Lawn arrival ceremony for Hu at the White House in Washington, 19 Jan 2011

U.S. President Barack Obama has invited some of the country's top business leaders to meet with Chinese President Hu Jintao on Wednesday in an effort to help promote American exports to the world's most populous nation.

Chief executives from such well-known U.S. companies as Microsoft, the Goldman Sachs Group, General Electric, Boeing and Coca-Cola are among 14 that Mr. Obama invited to meet with Mr. Hu, as the two leaders opened their summit in Washington.  The Chinese president brought along four key business executives representing Chinese computer technology, home appliance, automotive parts and investment companies.

During their meetings, Mr. Obama and Mr. Hu face disagreements on human rights and currency valuation issues.  At the same time, the White House is seeking to focus on the "important economic relationship" between China and the U.S.

Creation of more U.S. jobs is particularly important to Mr. Obama, as his country has struggled to reduce unemployment.  Nine percent or more of the U.S. workforce has been jobless for 20 straight months.

China and U.S. trade totals about $400 billion annually.  But China enjoys a wide surplus, a gap that may have hit $270 billion last year.

Numerous U.S. companies are seeking to increase their foothold in China, none more so than General Electric.  The international conglomerate is signing a number of deals with China this week involving energy, rail and aviation manufacturing, deals that GE thinks will boost its profits and save U.S. jobs.

Some U.S. firms say that their initial investments in China have proved difficult, complaining that Chinese government regulations favor China's firms and that protection of intellectual property laws is weak.

Some Chinese firms are anxious to invest in U.S. operations as well.  One executive, Lu Guanqiu, of the automotive parts firm Wanxiang Group Along, said the U.S. welcomes Chinese firms because "we're solving their employment problems."    

You May Like

US Imposes Sanctions on Alleged Honduran Drug Gang

Treasury department alleges Los Valles group is responsible for smuggling tens of thousands of kilograms of cocaine into US each month More

At 91, Marvel Creator Stan Lee Continues to Expand his Universe

Company's chief emeritus hopes to interest new generation of children in superheroes of all shapes and sizes by publishing content across multiple media platforms More

Photogallery New Drug Protects Against Virus in Ebola Family

Study by researchers at University of Texas Medical Branch, Tekmira Pharmaceuticals is first looking at drug's effectiveness after onset of symptoms More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
African Media Tries to Educate Public About Ebolai
X
George Putic
August 20, 2014 8:57 PM
While the Ebola epidemic continues to claim lives in West Africa, information technology specialists, together with radio and TV reporters, are battling misinformation and prejudice about the disease - using social media to educate the public about the deadly virus. VOA’s George Putic has more.
Video

Video African Media Tries to Educate Public About Ebola

While the Ebola epidemic continues to claim lives in West Africa, information technology specialists, together with radio and TV reporters, are battling misinformation and prejudice about the disease - using social media to educate the public about the deadly virus. VOA’s George Putic has more.
Video

Video Ferguson Calls For Justice as Anger, Violence Grips Community

Violence, anger and frustration continue to grip the small St. Louis suburb of Ferguson, Missouri. Protests broke out after a white police officer fatally shot an unarmed black teenager on August 9. The case has sparked outrage around the nation and prompted the White House to send U.S. Attorney Eric Holder to the small community of just over 20,000 people. VOA’s Mary Alice Salinas has more from Ferguson.
Video

Video Beheading Of US Journalist Breeds Outrage

U.S. and British authorities have launched an investigation into an Islamic State video showing the beheading of kidnapped American journalist James Foley by a militant with a British accent. The extremist group, which posted the video on the Internet Tuesday, said the murder was revenge for U.S. airstrikes on militant positions in Iraq - and has threatened to execute another American journalist it is holding. Henry Ridgwell has more from London.
Video

Video Family Robots - The Next Big Thing?

Robots that can help us with daily chores like cooking and cleaning are a long way off, but automatons that serve as family companions may be much closer. Researchers in the United States, France, Japan and other countries are racing to build robots that can entertain and perform some simpler tasks for us. VOA’s George Putic reports.
Video

Video In Ukraine, Fear and Distrust Remain Where Fighting has Stopped

As the Ukrainian military reclaims control of eastern cities from pro-Russian separatists, residents are getting a chance to rebuild their lives. VOA's Gabe Joselow reports from the town of Kramatorsk in Donetsk province, where a sense of fear is still in the air, and distrust of the government in Kyiv still runs deep.
Video

Video Five Patients Given Experimental Ebola Drug Said to Be Improving

The World Health Organization has approved the use of experimental treatments for Ebola patients in West Africa. The Ebola outbreak there is unprecedented, the disease deadly. The number of people who have died from Ebola has surpassed 1,200. VOA's Carol Pearson reports on the ethical considerations of allowing experimental drugs to be used.
Video

Video China Targets Overseas Assets of Corrupt Officials

As China presses forward with its anti-graft effort, authorities are targeting corrupt officials who have sent family members and assets overseas. The efforts have stirred up a debate at home on exactly how many officials take that route and how likely it is they will be caught. Rebecca Valli has this report.
Video

Video Leading The Fight Against Islamic State, Kurds Question Iraqi Future

Western countries including the United States have begun arming the Kurdish Peshmerga forces in northern Iraq to aid their battle against extremist Sunni militants from the Islamic State. But there are concerns that a heavily-armed Kurdistan Regional Government, or KRG, might seek to declare independence and cause the break-up of the Iraqi state. As Henry Ridgwell reports from London, the KRG says it will only seek greater autonomy from Baghdad.
Video

Video In Rural Kenya, Pressure Builds Against Female Circumcision

In some Kenyan communities, female genital mutilation remains a rite of passage. But activists are pushing back, with education for girls and with threats of punishment those who perform the circumcision. Mohammed Yusuf looks at the practice in the rural eastern community of Tharaka-Nithi.

AppleAndroid