15 December 2019

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Obama, Chinese Premier Discuss Economic

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Bali: President Barack Obama and Chinese Premier Wen Jiabao conferred Saturday in a major Asian summit, focusing on the economic matters that have prompted disputes between the two major world powers.
The session was not a formally planned moment of diplomacy but rather a late add-on to let the two men continue their conversation from a group dinner the night before.
“We have a very complicated and quite substantial relationship with China across the board” While House National Security Advisor Tom Donilon told reporters after the session.
“We do have economic issues, they are around the proper contribution that the Chinese make to global growth and that goes to currency and other polices “he added.
He said Obama stressed the importance of China adjusting the United States contends is deeply undervalued.
He said Obama and Wen also briefly discussed territorial disputes in the South China Sea toward the end of their meeting.
But Donilon also downplayed tensions between the two powers, saying the two countries also have found vast areas of agreement.
The meeting comes on the last leg of Obama’s nine-day Asia-Pacific trip, in which he has focused on bulking up America’s presence  in the region, including setting up a Marine take force in Australia, in moves largely seen as hedges against China’s rise.

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