U.S. President Barack Obama has invited Chinese President Hu Jintao for a state visit, a U.S. official said on Saturday June 26, as the two powers seek to narrow economic and political differences. Hu accepted the invitation. The date of the state visit, which will be only the third hosted by Obama since he took office in January 2009, has not been set,
Obama told Hu he welcomed China's move toward greater currency flexibility and noted that Beijing's "implementation of it was very important."
Hu also extended a hand of cooperation to Obama in their meeting, saying China sought a closer relationship with the United States and that the two had already moved closer.
Even if the Obama administration and Beijing seem to have put the worse of the currency dispute behind them, other irritants in their relationship remain acute. (Source: Reuters. Jun 26, 2010).