Agreeing with President Hu's views on the development of bilateral ties, Obama said the United States was ready to strengthen cooperation with China in promoting strong, sustainable and balanced growth of the world economy.

Obama said his country was also looking forward to further dialogue and consultations with China to boost bilateral ties.

During his meeting with Medvedev, Hu said China and Russia should hold grand celebrations to mark the 10th anniversary of the signing of the China-Russia treaty of good neighborhood, friendship and cooperation, as part of the efforts to boost their traditional friendship and all-round strategic cooperation.

Medvedev said Russia is willing to join efforts with China to boost the comprehensive strategic partnership of coordination between the two countries and hold celebrations to mark the 10th anniversary of the treaty.

The two presidents agreed to strengthen bilateral cooperation and coordination in such regional and international organizations as the G20, APEC, the Shanghai Cooperation Organization and BRIC countries (Brazil, Russia, India and China) to further advance the reform of the international monetary system and enhance international financial supervision.

During talks with the South Korean president, President Hu said China-South Korea relations have been developing well and bilateral trade and cooperation have maintained a good momentum.

China is ready to work with South Korea to push for a comprehensive, in-depth and stable development of their bilateral strategic partnership.

Hu said both China and South Korea should make concrete efforts in the near future to strive for strengthening political mutual trusts and deepening bilateral cooperation to lay a solid foundation of friendship between the two sides.

The South Korean president said his country very much appreciated China's efforts to support South Korea in holding the G20 summit.

Lee said the healthy and stable development of China's economy is very important not only to the development of Asia's economy but also to the global economic recovery.

He hoped the two countries would strengthen exchanges in politics and economy and promote mutual trust in efforts to further develop their bilateral strategic partnership.

On the sidelines of the APEC meeting, Hu had a meeting with Japanese Prime Minister Naoto Kan.

The Chinese leader stressed that it is a right choice in the fundamental interests of both peoples for China and Japan to follow a road of peace, friendship and cooperation.

The two sides should proceed from a strategic and long-term perspective, abide by the principles defined in the four political documents between the two countries and firmly maintain the right direction of developing bilateral relations in order to advance China-Japan strategic and mutually beneficial relations on a healthy and stable track, Hu said.

The Chinese president pointed out that China and Japan should make joint efforts to consistently carry out people-to-people and cultural exchanges to boost mutual understanding and friendly feelings between the two peoples.

China and Japan, being each other's main trading partner, should continue to deepen mutually beneficial cooperation and enhance dialogue and coordination on international affairs in a bid to jointly contribute to Asia's revitalization and address global challenges, Hu said.

Kan said he hoped that the two sides would strengthen communication and cooperation in various fields and further improve and develop bilateral relations.

Noting that China's development is an important component of global development, the Chinese foreign minister said participants at the two meetings showed keen interest in China's future development.

President Hu has given an excellent explanation on the topic, stressing that China is ready to learn from others' experiences, cooperate with them on an equal footing and seek common development, Yang said.

China will adhere to its basic state policy of opening-up, continue to pursue an opening-up strategy of mutual benefit and win-win cooperation, implement the policy of good-neighborliness, unswervingly develop an open economy and actively participate in international and regional cooperation, Yang said.

President Hu's speeches helped promote the international community's understanding of China, he said.

President Hu's attendance at the meetings has helped boost economic cooperation in the Asia-Pacific region and promote China's friendly relations with countries concerned, Yang said.

That would have a major and far-reaching influence on efforts to promote strong, sustainable and balanced growth of the world economy and on the long-term development of the G20 and APEC, said the Chinese foreign minister.

(Xinhua News Agency November 14, 2010)