China President Hu Jintao and U.S. President Barack Obama

China President Hu Jintao and U.S. President Barack Obama

Kent Nishimura/Pool via Bloomberg

U.S. President Barack Obama, right, meets with Hu Jintao, China's president, during the Asia-Pacific Economic Cooperation (APEC) summit in Honolulu, Hawaii, U.S. on Saturday, Nov. 12, 2011. Obama said the U.S. and eight other Pacific nations have agreed on the outlines of a free trade accord and negotiations to work out the details will get underway this year.