In a telephone conversation with President Obama on January 30 this year, the Chinese president said that China is ready to strengthen dialogue, promote mutual trust and expand cooperation with the United States in a bid to confront various global challenges together and push forward a stable development of the Sino-US relations.

Obama said in the telephone conversation that the US side is expecting closer cooperation with China on major international and regional issues, and the US government is willing to join hands with China to develop a more active and constructive bilateral relationship.

The Chinese and US leaders met on the sidelines of a Group of 20 (G20) summit on financial crisis slated for Thursday in London.

The London Summit brings together leaders of the G20, and representatives of international organizations and financial institutions to work cooperatively to restore stability and stimulate global economic growth.

At Thursday's summit, the leaders will focus on such subjects as enhancing the coordination of macroeconomic policies, pushing for necessary reforms in the world financial system, and stabilizing global financial market.

Chinese Vice Foreign Minister He Yafei told reporters on March 23 that President Hu will deliver a speech at the summit to elaborate China's opinions and proposition on these subjects.

China endeavors to push for positive and pragmatic results at the upcoming London summit, He added.

On the sidelines of the London summit, Chinese President Hu is expected to meet other leaders of G20 members.

The G20 consists of China, Argentina, Australia, Brazil, Canada, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, Britain, the United States, and the European Union.

(Xinhua News Agency April 2, 2009)