U.S. President Barack Obama and Chinese President Hu Jintao discussed a long list of issues during an hour-long meeting in London on the eve of the Group of 20 summit.
During the meeting, President Obama accepted “with pleasure” an invitation extended to him by President Hu to visit China sometime later this year.
Furthermore, the leaders also agreed to establish an ongoing “U.S. – China Strategic Dialogue,” aimed at addressing a number of issues including the world economy and security.
Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner will represent the U.S. in the talks while State Councilor Dai Bingguo and Vice Premier Wang Qishan will represent China.
With the first meeting scheduled for this summer in Washington, the talks are planned to be held yearly with the location alternating annually between the capitals.