Obama says partnership with China has helped US pull out of worst recession in generation
By APTuesday, November 17, 2009
Obama: China has helped US pull out of recession
BEIJING — President Barack Obama says that China’s partnership has helped the United States pull out of the worst recession in a generation.
Obama and Chinese President Hu Jintao appeared together and spoke to reporters after a pair of meetings on Tuesday. Obama says a revised economic approach will help increase U.S. exports and create jobs while helping bring about higher living standards in China.
Obama says his government is committed to a strategy of spending less and saving more.
The United States’ budget deficit is soaring to a yearly record of $1.42 trillion and China is the No. 1 lender to Washington. Beijing has expressed concern that the falling price of the dollar threatens the value of its U.S. holdings.
Tags: Asia, Barack Obama, Beijing, China, East Asia, Greater China, Hu Jintao, North America, Recessions And Depressions, United States
