China’s president Hu Jintao was in Washington, DC Wednesday to meet with U.S. president Barack Obama at the White House for a joint news conference.
As of now, China has lent the U.S. over 900 billion dollars. China believes the U.S. is a nation in decline and wants some assurance from Obama.
At the meeting human rights issues were even addressed by both parties and a new dialog has been opened up with China on that front.
Obama stated in the press conference that “cooperation between our countries is also good for the world… we need cooperation and friendly competition in other areas.”