POSTED: 7:42 a.m. HST, Nov 9, 2011
LAST UPDATED: 7:25 a.m. HST, Nov 10, 2011
President Barack Obama will hold separate talks with Russian President Dmitry Medvedev and Chinese President Hu Jintao as host of this year’s Asia-Pacific Economic Cooperation forum in Hawaii.
Expanding U.S. trade will be at the top of Obama’s agenda at the APEC summit that begins Nov. 12, Ben Rhodes, deputy national security adviser, told reporters at a briefing.
Obama and Medvedev will mark Russia’s completion of the final steps leading to its entry to the World Trade Organization, Rhodes said.
The meeting with Hu, leader of the world’s second-biggest economy, is scheduled to take place during the opening day of the forum.
Obama will discuss U.S. concern about China’s currency valuation when he meets with President Hu Jintao at an economic forum in Hawaii later this week, Ben Rhodes, deputy national security adviser, said.
The U.S. welcomes recent moves by China to let its currency appreciate and pledges to boost domestic consumption, “but again, we don’t believe that those are sufficient,” Rhodes said at a White House briefing.
Obama will raise with Hu the need for China to increase domestic demand to support global growth and currency “is a part of that picture,” Rhodes said.