countries? and we know the u.s. side has been saying the united states is willing to see a stronger and more prosperous china, so i would like to ask president obama that deep in your heart, do you really think that you can leave comfortably with a con stavently -- with a constantly-growing china and what do you think a china development really mean to the united states? [speaking in chinese].

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[speaking chinese] >> but like to take a question [speaking chinese] from the lady journalist for the exchanges between our two peoples represent the bases and driving force behind the growth of our relationship. the establishment of diplomatic relations between our two countries, we have seen more robust exchanges between the power of two peoples. in such exchanges also help cut the steady growth of our relationship. the statistics i have show that each year we have about 3

million people traveling between our two countries. in other words, on every single day, about 7-8 million people travel between china and the united states. this is something that is hardly conceivable 32 years ago when we first established diplomatic ties. in addition, we have also seen very broad ranging development of these exchanges at sub- national levels. our two countries have established sister relationships between 36 provinces and states and we have also developed 161 pairs of sister cities between our two countries. the chinese government is the supportive of the friendly exchanges between our two peoples. we have been creating all kinds of conditions to expand the friendly exchanges between the american and chinese peoples.

during this visit, president obama and i reached agreement that both sides would take positive steps to increase the people to people exchanges. on one hand, we will encourage the young people in our two countries to go into each other's countries to pursue further education and learn more about each other and, at the same time, we have also decided to put in place a dialogue and exchange mechanism between different chinese and american provinces and states. besides, we will also further exchange cultural exchanges and develop tourism. we are going to use a variety of means to further increase people to people exchanges. i would like to particularly stressed that the young people hold the future of this relationship. it is extremely important to

increase of the exchanges between the young people in our two countries. horace such exchanges, i hope our friendship can be furthered and i hope they can serve as ambassadors of goodwill for our two countries and they can make more positive contributions to the development of a cooperative partnership based on mutual respect and mutual benefit. >> let me respond briefly to your question. i absolutely believe that the peaceful rise of china is good for the world and good for america. >> [speaking chinese] >> it is good for humanitarian reasons. >> [speaking chinese]

>> the united states has an interest in seeing hundreds of millions of people lifted out of poverty. >> [speaking chinese] >> we believe part of justice and part of human rights is people being able to make a living and having the death to eat and having shelter and having electricity. and the development of china has brought unprecedented economic growth to more people more quickly than just about any time in history. that is a positive good for the world and it is something the united states very much appreciates and respects. >> [speaking chinese] >> [speaking chinese] >> we also think that the

chinese rise offers enormous economic opportunity. >> [speaking chinese] >> we want to sell you all kinds of stuff. we want to sell you planes. we want to sell you cars. we want to sell you software. and as president hu and his government re-focuses the economy on expanding domestic demand, that offers up opportunities for u.s.

businesses which ultimately translates into u.s. jobs. >> [speaking chinese] >> [speaking chinese] >> it also means that as the chinese standard of living rises, they have more purchasing power. >> [speaking chinese] >> it is something i think we have to remind ourselves of -- the united states economy is still three times larger than china's despite having 1/4 of the population. per capita income is still very different between the two countries. as china's per capita income rises, that offers an opportunity for increased trade and commercial ties the benefit both countries. >> [speaking chinese]

>> [speaking chinese] >> finally, the chinese rise is potentially good for the world. >> [speaking chinese] >> to the extent that china is functioning as a responsible act around the world stage, to the extent that we have a partner in insuring that weapons of mass destruction don't fall into the hands of terrorists or rogue states, into the extent that we have a partner dealing with regional hot spots, to the extent we have a partner in addressing issues like climate change or pandemic, to the

extent that we have a partner who is helping poorer countries in asia or in africa further develop so that they, too, can be part of the world economy. that is something that can help create stability and order and prosperity around the world and that is the kind of partnership we would like to say. it is more likely to come if china feels secure and in itself is doing well economically. they are more likely to be an effective partner on the world stage. >> [speaking chinese] >> [speaking chinese] >> on nichols from bloomberg.

-- hans nichols from bloomberg them up with the respect and permission, let me ask a question to president hu. my colleague as a question about human rights which you did not answer. can get an answer to that question?

also, on capitol hill, senate majority leader harry reid, house speaker john boehner are not attended the dinner tonight and many on capitol hill see china as a threat. what can you do to l.a. their fears? fears? [chinese translation] translation] speaking chinese] >> because of the technical

translation and a turban -- interpretation problem, i did not hear the question about human rights. i know that he was asking a question directed at president obama. as you read this question and i heard the properly, i am in the position to answer that question. question. [speaking chinese] president obama and i already met eight times. each time we met, we had an in- depth exchange of views in a candid manner of issues of

shared interests and issues important to each other's concerns. on the issues, we have covered, we also discussed human rights. speaking chinese] >> china is always committed to the protection and promotion of human rights. in the course of human rights, china has also made enormous progress recognized widely in the world. [speaking chinese] [speaking chinese] >> china recognizes and also respects the universality of human rights and at the same time, we do believe that we also

need to take into account the different national circumstances when it comes to the universal value of human rights. [speaking chinese] [speaking chinese] >> china is a developing country with a huge population and also a developing country at a crucial stage of reform. in this context, china still faces many challenges in economic and social development and a lot still need to be done in china in terms of human rights. [speaking chinese] >> we will continue our efforts

to improve the lives of the chinese people and we will continue our efforts to promote democracy and the rule of law and our country. at the same time, we are willing to continue to have exchanges and dialogue with other countries in terms of human rights and we are also willing to learn from each other in terms of the good practices. [speaking chinese] [speaking chinese] >> [english translation] china

is willing to engage in dialogue with the united states on the principle of non- interference in each other's internal affairs. we will be able to further increase our mutual understanding, reduce our disagreements, and expand our common ground. >> speaking chinese] >> speaking chinese] >> as to who is attending the

dinner, that is a question best answered by president obama. >> you said the inmates to be further adjustment in the exchange rate. to what extent is the depression of the chinese currency affect your ability to grow jobs in this country and lower the unemployment rate? >> i think it is important for us to look at the entire economic relationship and the currency issue is one part of it. the first time i met president who was in april of 2009. summit ithe first g-20 intended when we were in the midst of the worst financial crisis we have experienced since the 1930's. >> chinese translation] >> chinese translation] >> even as we were trying to

stabilize the financial system, what was absolutely clear was we could not go back to a system where the united states was borrowing massively, consuming massively, but not producing and selling to the rest of the world creating these huge imbalances that helped contribute to the crisis. [chinese translation] [chinese translation] >> that is why we pushed and why

the g-20 20 adopted the framework to rebalance the world economy. [chinese translation] [chinese translation] >> that gives us some responsibilities. we have to save more in this country. >> [chinese translation] >> we have to cut back on the huge levels of debt both in the private sector but also in the public sector.

>> [chinese translation] >> it also means there are structural reforms we have to do to make ourselves more competitive in the world economy, to make sure we have the best education system in the world, that we are producing more engineers and lawyers, making sure that we have a handle on our fiscal problems, making sure we have a world- class infrastructure. those are all important parts of us being competitive and being able to export. >> [chinese translation] >> [chinese translation] >> it also means that we have a

level playing field when it comes to our trading partners. >> [chinese translation] >> with respect to china, what president hu and myself and our delegations have discussed is how we make sure that in fact our trading relationship is fair and a win-win situation as opposed to a win-lose situation. >> [chinese translation]

>> some of that has to do with issues completely unrelated to currency. for example, we are making progress on making sure that the government procurement p process in china is open and fair to american businesses and we have made progress on this state visit. >> [chinese translation] >> [chinese translation] >> some of it has to do with intellectual property protection. we were just in a meeting with business leaders and steve ballmer of microsoft pointed out that their estimate is that only one customer in every town of their product is actually paying for it in china. can we get better enforcement

since that is an area where america exiles, intellectual property, white value-added products and services? >> [chinese translation] >> [chinese translation] >> the chinese government has taken steps to better enforce intellectual property. we have a further agreement as a result of a state visit and president hu will acknowledge that more needs to be done. >> [chinese translation]

>> the currency issue is a part of the problems. the r &b is undervalued. the chinese government has entered the forcefully in the currency market. they have spent $2 billion recently and that is an indication to the degree to which of it is still undervalued. president hu has said he is committed to moving toward a market-based system and has been moment but is not as fast as we want. i said to president who that not only will u.s. businesses be able to export more to china if we have a market-based currency but it will also be good for

china and president who's the agenda of expanding domestic demand. is r &b is worth more, they can buy more products and services and that will contribute to china having greater purchasing power and a higher standard of living. this is something that can be a win-win. president hu is concerned about how rapid this transition takes and the disruptions that may occur in its export sector. i am confident that it is the right thing to do and my hope and expectation is that president hu's resolve will lead to a fully market-based currency program that will allow more affected trade between our two countries. >> [chinese translation] >> [chinese translation]

>> speaking chinese] >> speaking chinese] >> i am from the news agency in china. because of the interpretation, i would like to ask the chinese interpreter to interpret my two questions correctly and accurately. [laughter]

>> [speaking chinese] >> [speaking chinese] >> first the question for president obama. as many people do believe that the biggest problem in this relationship is the lack of strategic mutual trust, do you agree with this view? how do you think you can promote strategic into a trust and how do you think the two sides can choose appropriately to manage their differences and expand their common interests? [chinese translation]

[chinese translation] >> my second question is for president hu jintao. the chinese and american leaders have stressed the fact that the influence and significance of the china-u.s. relationship has gone far beyond the bilateral dimensions. china and the united states share broad common interests and show an important common responsibility in addressing a variety of regional and global issues. how do you think china and the united states can step up their cooperation in a joint endeavor to tackle the increasing number

of global issues? [laughter] >> certainly, the more that we can build a base line of trust, as you called the strategic mutual trust, the more likely we are able to solve the friction or irritants that exist in a relationship between any two countries in a more constructive way. >> [english[chinese translation] >> which is why i think it is so important that governments and

people in both countries understand the challenges that each country faces. >> [chinese translation] >> [chinese translation] >> and not view every issue through the lens of rivalry. >> [chinese translation] >> for example, i know that in china, many believe that somehow the united states is interested in containing china posture rights. >> [chinese translation] >> as i indicated in answer that i gave earlier, we welcome china's writes.

rise. we hope that rise occurs in a way that reinforces international norms and international norms and international rules and enhances security and peace as opposed to it being a source of conflict either in the region or around the world. >> [chinese translation] >> [chinese translation] >> these security and economic dialogs we have established are

precisely designed to lessen suspicions, to enhance mutual understanding. the more we understand each other's challenges, the more we can take advantage of opportunities. >> [chinese translation] >> [chinese translation] >> [speaking chinese] >> [speaking chinese] [speaking chinese]

[speaking chinese] [speaking chinese] [speaking chinese]

[speaking chinese] >> mankind faces more global

challenges today. no country can remain the same in terms of so many global challenges and no country can single-handedly tackle global challenges. for example, in the field of fighting terrorism, of holding the security of humanity or in tackling the international financial crisis, promoting the growth of the world economy and addressing regional hot spots, fighting transnational crimes, fighting piracy, and preventing and treating communicable diseases, in all these areas countries need to work together to meet the challenge. china is the biggest developing country and the united states is the biggest developed country. in this context, it is more necessary for china and united states to meet such challenges.

how can china and the u.s. do a better job in working together to meet global challenges? there are three points i would like to make and these three points deserve our serious attention and consideration. number one, our two sides have acted in the spirit of cooperation as if we were in the same boat and we should roll in the same direction. when we tackled previous international challenges and i think we need to keep up the spirit in the future as we tackle challenges. number two, we need to increase communication and coordination and number three, we need to respect and accommodate each other's interests and concerns. i am convinced that as long as our two sides continue to act in this spirit and as long as we

continue to work together with other countries concerned, we will be able to engage in court -- cooperation in a broader range of areas to the benefit of world peace and development. >> everybody, thank you so much for your patience. due to the technical difficulties. president hu, once again, we appreciate your visit and we appreciate the dialogue and we are looking forward to having dinner with you later this evening. >> [chinese translation] >> thank you, everybody. >> thank you, everybody. >> that was president of obama

and chinese president hu jintao talking to reporters at a news conference yesterday. last night, the white house held a state dinner for the chinese leader where president obama and president hu made brief remarks. >> on behalf of michelle and myself, welcome to the white house. and thank you for joining us as we host president hu and the chinese delegation and as we pay tribute to the bonds between two great nations and to grab people's. -- and too proud people. s.

>> [chinese translation] >> there are too many distinguished guests to mention all of you tonight, but i do want to a knowledge a few who have championed relations between our nations. first of all, president jimmy carter and his wonderful wife rosalynn carter are here. [applause] as well as president bill clinton at my outstanding secretary of state, hillary clinton. [applause] president hu [chinese translation]

>> president who, we have met today in a spirit of mutual respect. the united states, the oldest democracy in the world and china, one of the oldest civilizations in the world. >> [chinese translation] >> and while it is easy to focus on our differences of culture and perspective, let us never forget the values that our people share, a reverence for family, they believe that with education and hard work and

would sacrifice the future is what we make it. most of all, the desire to give our children a better life. >> [chinese translation] >> let's also never forget that throughout our history, our people have worked together for mutual progress. we traded together for more than 200 years. we stood together in the second world war. chinese immigrants and chinese- americans have helped to build america including many who

joined us here tonight. >> [chinese translation] >> the chinese and american people work together and create new opportunities to gather every single day. mr. president, today we have shown that our governments can work together as well for our mutual benefit. that includes this bit of news -- under a new agreement, our national zoo will continue to dazzle children and visitors with the beloved giant panda. [applause]

>> [chinese translation] >> i am told that there is a chinese proverb that says," if you want one year of prosperity, then grove grain. if you want 10 years of prosperity than grow trees. if he won 100 years of prosperity, then you grow people." i propose a toast --

>> [chinese translation] >> to our people, the citizens of the people's republic of china and the united states of america, made a grow together in friendship, made a prosper together in peace, and made a realize their dream of the future for themselves, for their children, and for their grandchildren. cheers. >> [chinese translation]

[applause] >> [speaking chinese]

[speaking chinese] [speaking chinese] [speaking chinese] >> [english translation] dear friends, good evening. i am delighted to once again come to the united states to pay a state visit at the invitation of president obama. since setting foot on this beautiful land, we have

received the gracious hospitality of the u.s. government and people. this evening, president obama is hosting this welcoming dinner for us and has just made warm remarks. on behalf of my colleagues and in my own name, i want to express' heartfelt thanks to president and mrs. obama and other american friends present today. i also wish to convey through you the best wishes of the chinese people to the friendly american people and extend a cordial greetings to people from various sectors of the united states who have given care and support to the growth of china- u.s. relations. >> [speaking chinese] [speaking chinese]

[speaking chinese] >> [english translation] the purpose of my visit is to increase mutual trust, deepen friendship, and advance the positive cooperative and comprehensive china-u.s. relationship for the 21st century. in recent years, particularly over the past two years since president obama took office, china-u.s. relations have made strong headway thanks to the joint effort of both sides. we have increased exchanges and cooperation in a wide range of

areas, maintain close communication and coordination on major international and regional issues and played a positive role in promoting peace, stability, and prosperity in the asia-pacific region and to the whole world. >> [english translation] [speaking chinese] [speaking chinese] [speaking chinese] >> [english translation] under this current circumstances, our country show their common responsibilities

and show -- and face bigger challenges than at any time in history. as a result, it is more important than ever for us to maintain the long-term, sound, and steady growth of our bilateral relations. this is the reality we face and it should be recognized by both sides. >> [speaking chinese] [speaking chinese]

>> [english translation] this morning, president obama and i had an in-depth exchange of views on international and regional views of interest and recent court agreement. we agreed that our two countries should increase contact at the top and other levels, exchange mutual trust between dialogue and communication, intensify communication with corporations in all fields and step up communication and coordination on international and regional issues. we agreed that the two countries should respect each other's sovereignty, with integrity and development interests. properly handled differences and frictions and work together to view a china-u.s. court of part a based on mutual respect and benefit. >> [speaking chinese]

[speaking chinese] [english translation] >> check u.s. relations have traveled an extraordinary journey in the past 32 years since the establishment of diplomatic ties. a review of the history of our relations shows that we have far more common interests than differences. cooperation for mutual benefit, as always, being the mainstream of our relations. this has a reinforced our confidence in further pushing forward our relationship. today, both china and the united

states are confronted with the arduous task of sustaining steady economic growth and achieving economic transfers -- transformation. we both need to tackle the various challenges brought by economic globalization. this has added to our need and desire to enhance cooperation. >> [speaking chinese] [speaking chinese] [speaking chinese] [english translation]

we should pursue our relations with a stronger conviction of a broader vision and more proactive a. roche we need to take solid steps to make pioneering efforts to fully tap the potential of corporate -- of cooperation and strive for new progress in china-u.s. relations. i am confident that with a joint effort, china-u.s. cooperative partnership will yield bountiful for its for the greater benefit of our people and make new and bigger contributions to the noble cause of world peace and development. [speaking chinese] [speaking chinese] [english translation] to the health of all france present here and a stronger friendship between the people of

china and the united states and to the steady growth of china- u.s. relations, cheers. [applause] >> chinese president hu jintao's u.s. trip continues today. the chinese leader will give remarks to the u.s.-china business council on a range of international policy issues. president who will be introduced by former secretary of state henry. kissinger watch live coverage at two o'clock 30 p.m. eastern on c- span 2. "washington journal" is next.

we will take your phone calls. yesterday, the house voted to repeal last year's health-care law but the senate will not vote on repeal bill. in a couple of hours, a g the houseavels back in to address committees to replace the 2010 health care law. live coverage is at 9:00 a.m. eastern. coming up this hour, democratic congressman peter welch of vermont joins us to talk about yesterday's health care about and what it means for his party. after that, utah congressman jason j fit to serve on the oversight committee will lay out some items that the committee will be investigating. later, the doctorsfr thomasiedan will discuss a new report on racial disparities for certain health problems. the "washington journal this is ." . . .