Chris Buckley and Matt Spetalnick
January 19, 2011

WASHINGTON (Reuters) – 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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