US, China ink $45 bln in export deals

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The United States and China have proclaimed a raft of trade deals worth $45 billion, as the two powers tried to slender disputes by tethering their monetary fortunes.

Lauding 70 trade accords with exporters in 12 US states, presidents Barack Obama and Hu Jintao edged away from the fevered rhetoric of new months to stress mutual dependency, despite remaining tensions.

Obama spoken trust that relations could be recast, setting aside "old stereotypes" and allow US firms to more without difficulty assistance from China's immediate expansion.

"I extremely deem that China's passive rise is good for the world, and it's good for America," Obama insisted Wednesday.

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