Obama and Hu vow cooperation, strike $45 billion in deals

Chris Buckley and Matt Spetalnick
January 19, 2011

WASHINGTON (Reuters) ‚Äď President Barack Obama and Chinese President Hu Jintao vowed on Wednesday to work to find common ground as the two countries announced $45 billion in export deals.

After a year of strains, the leaders of the world’s only superpower and its fastest-rising rival opened a Washington summit that put the focus on often diverging agendas on currencies, trade, global security and human rights.

Welcoming Hu to the White House amid the pomp of a formal state visit, Obama hailed the event as a chance to demonstrate that “we have an enormous stake in each other’s success.”

Seeking to show the benefits of economic ties, the two countries reached agreement on export deals worth $45 billion, including China’s purchase of 200 Boeing aircraft, a senior U.S. official said shortly after talks began.

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