19 Jan '11, 11pm

The US and China signed US$45 billion worth of export deals, as the two powers tried to narrow disputes

US President Barack Obama shakes hands with Chinese President Hu Jintao after a joint news conference. -- PHOTO: REUTERS WASHINGTON - THE United States and China announced a raft of trade deals worth US$45 billion (S$57.7 billion) on Wednesday, as the two powers tried to narrow disputes by tethering their economic fortunes. Lauding 70 export agreements spanning firms in 12 US states, presidents Barack Obama and Hu Jintao edged away from the fevered rhetoric of recent months to stress mutual dependency, as Mr Hu embarked on a key four-day visit. Mr Obama expressed hope for a renewal of relations, casting aside 'old stereotypes' and allowing US firms to more easily benefit from China's breakneck development. 'I absolutely believe that China's peaceful rise is good for the world and it's good for America,' he said. Facing down domestic suspicions that China has rode roughshod...

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