English subtitles for clip: File:State Dinner with President Hu of China.webm

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President Obama:
Good evening, everybody.

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Please have a seat.

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On behalf of
Michelle and myself,

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welcome to the White House.

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And thank you for joining us as
we host President Hu and the

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Chinese delegation, and as we
pay tribute to the bonds between

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two great nations and
two proud peoples.

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(translation being made)

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There are too many distinguished
guests to mention all of you tonight.

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But I do want to acknowledge
a few who have championed

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relations between our
nations: First of all,

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President Jimmy Carter and his
wonderful wife Rosalynn Carter are here.

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(applause)

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As well as President Bill
Clinton and my outstanding

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Secretary of State,
Hillary Clinton.

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(applause)

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President Hu --

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(translation being made)

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President Hu, we have met today
in a spirit of mutual respect:

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the United States -- the
oldest democracy in the world,

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and China -- one of the oldest
civilizations in the world.

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(translation being made)

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And while it's easy to focus on
our differences of culture and

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perspective, let us never forget
the values that our people

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share: A reverence for
family; the belief that,

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with education and hard
work and with sacrifice,

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the future is what we
make it; and most of all,

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the desire to give our
children a better life.

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(translation being made)

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Let's also never forget that
throughout our history our

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people have worked together
for mutual progress.

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We've traded together
for more than 200 years.

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We stood together in
the Second World War.

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Chinese immigrants and Chinese
Americans have helped to build

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America, including many
who join us here tonight.

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(translation being made)

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The Chinese and American people
work together and create new

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opportunities together
every single day.

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Mr. President, today we've shown
that our governments can work

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together as well, for
our mutual benefit.

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And that includes
this bit of news --

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under a new agreement, our
National Zoo will continue to

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dazzle children and visitors
with the beloved giant pandas.

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(applause)

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(translation being made)

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I'm told that there is a Chinese
proverb that says: If you want

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one year of prosperity,
then grow grain.

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If you want 10 years of
prosperity, then grow trees.

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But if you want 100
years of prosperity,

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then you grow people.

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And so, I propose a toast.

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(translation being made)

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To our people, the citizens of
the People's Republic of China

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and the United
States of America.

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May they grow together
in friendship.

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May they prosper
together in peace.

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And may they realize their dream
of the future for themselves,

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for their children, and
for their grandchildren.

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Cheers.

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(translation being made)

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Ganbei.

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(applause)

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President Hu:
(speaking Chinese)

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(as translated):
President Obama and Mrs.
Obama, distinguished guests,

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ladies and gentlemen, dear
friends, good evening.

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I am delighted to once again
come to the United States and

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pay a state visit at the
invitation of President Obama.

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Since setting foot on
this beautiful land,

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we have received the gracious
hospitality of the U.S.

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government and people.

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This evening President Obama is
hosting this welcoming dinner

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for us, and has just
made warm remarks.

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On behalf of my colleagues
and in my own name,

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I want to express heartfelt
thanks to President and

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Mrs. Obama and other American
friends present today.

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I also wish to convey through
you the best wishes of the

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Chinese people to the friendly
American people and extend

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cordial greetings to people from
various sectors of the United

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States who have given care
and support to the growth of

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China-U.S. relations.

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President Hu:
(speaking Chinese)

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(as translated):
The purpose of my visit is
to increase mutual trust,

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enhance friendship, deepen
cooperation and advance the

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positive, cooperative and
comprehensive China-U.S.

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relationship for
the 21st century.

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In recent years, particularly
over the past two years since

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President Obama took office,
China-U.S. relations have made

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strong headway, thanks to the
joint efforts of both sides.

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We have increased exchanges in
cooperation in a wide range of

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areas, maintained close
communication and coordination

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on major international
and regional issues,

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and played a positive
role in promoting peace,

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stability and prosperity in the Asia
Pacific region and the whole world.

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President Hu:
(speaking Chinese)

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(as translated):
Under the current circumstances,
our two countries share broader

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common interests, show their
bigger common responsibilities,

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and face more severe common
challenges than at any time in history.

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As a result, it is more
important than ever for us to

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maintain the long-term, sound
and steady growth of our

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bilateral relations.

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This is the reality we face, and it
should be recognized by both sides.

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President Hu:
(speaking Chinese)

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(as translated):
This morning President Obama and
I had an in-depth exchange of

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views on China-U.S. relations
and international and regional

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issues of common interest.

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And we reached
important agreement.

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We agreed that our two countries
should increase contacts at the

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top and other levels, strengthen
strategic mutual trust through

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dialogue and communication,
intensify exchanges and

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cooperation in all fields,
and step up communication and

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coordination on international
and regional issues.

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We agreed that the two countries
should respect each other's

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sovereignty, territorial
integrity and the development

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interests, properly handle
differences and frictions,

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and work together to build a
China-U.S. cooperative

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partnership based on mutual
respect and mutual benefit.

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President Hu:
(speaking Chinese)

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(as translated):
China-U.S. relations have
traveled a extraordinary journey

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in the past 32 years since the
establishment of diplomatic ties.

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A review of the history of our
relations shows that we have far

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more common interests
than differences,

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and cooperation for mutual
benefit as always being the

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mainstream of our relations.

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This has reinforced our
confidence in further pushing

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forward our relationship.

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Today both China and the United
States are confronted with the

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arduous task of sustaining
steady economic growth and

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achieving economic
transformation.

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And we both need to tackle the
various challenges brought by

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economic globalization.

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This has added to our need and
desire to enhance cooperation.

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President Hu:
(speaking Chinese)

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(as translated):
We should pursue our relations
with a stronger conviction,

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a broader vision and
more proactive approach.

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We need to take solid steps and
make pioneering efforts to fully

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tap the potential of cooperation
and strive for new progress in

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China-U.S. relations.

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I am confident that
with joint efforts,

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a China-U.S. cooperative
partnership will yield bountiful

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fruits for the greater
benefit of our people,

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and make new and bigger
contribution to the noble cause

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of world peace and development.

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President Hu:
(speaking Chinese)

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(as translated):
Now I'd like to
propose a toast --

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to the health of
President and Mrs. Obama;

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to the health of all
friends present here;

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to the stronger friendship
between the people of China and

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the United States; and to the
steady growth of China-U.S. relations.

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Cheers.