Hu, Obama meet on G20 sidelines

Chinese President Hu Jintao and US President Barack Obama met on the sidelines of the G20 summit in Mexico to discuss bilateral trade issues, Bloomberg reported. Obama praised China’s “significant process” to opening trade and business within China and told reporters that the meeting was “a good opportunity to recap the work” between the two countries. An official from the administration said that Obama raised the topic of China’s currency; the US alleges that China continues to suppress the value of the yuan to boost exports. Obama added that he plans to discuss the issues pertaining to Iran, North Korea and the violence in Syria with Hu as well. For his part, Hu commented that China “is willing to work with the United States to build a cooperative partnership.”