Chinese President Hu Jintao and US President Barack Obama discussed Sino-US relations and global issues during their meeting Tuesday in Beijing and the two countries issued a joint statement after the talks.

Following are the highlights of the joint statement and speeches by President Hu and President Obama in the talks and the meeting with the press:

Hu to visit US next year

JOINT STATEMENT: President Obama invited President Hu to make a visit to the United States next year, and President Hu accepted the invitation with pleasure.

HU: Both sides have agreed to strengthen dialogue, communication and cooperation from a strategic and far-sighted perspective and to make joint efforts in building a positive, cooperative and comprehensive Sino-US relationship so as to promote global peace, stability and prosperity.

OBAMA: We meet here at a time when the relationship between the United States and China has never been more important to our collective future. The major challenges of the 21st Century, from climate change to nuclear proliferation to economic recovery, are challenges that touch both our nations and challenges that neither of our nations can solve by acting alone.

Economy recovery

JOINT STATEMENT: The two sides pledged to rebalance each other's economy and move in tandem on forward-looking monetary polices for a strong and durable global economic recovery.

HU: I stressed to President Obama that under the current situation, both China and the United States should oppose and resist protectionism in all forms in an even stronger stand.

OBAMA: It is a strategy where America saves more, spends less, reduces our long-term debt and where China makes adjustments across a broad range of policies to rebalance its economy and spur domestic demand. This will lead to increased US exports and jobson the one hand and higher living standards in China on the other.