When US President Obama assumed office in January 2009, his top priorities were to pull America out of the financial crisis and end the controversial war against terrorism as well as deepen economic and financial cooperation with major established and emerging powers.
Due to the fact that China is becoming the major economic powerhouse of the world, Sino-US relations reached a new level in the past four years. The two countries started the US-China Strategic and Economic Dialogue in 2009 and Obama became the first US president, since the normalization of relations between the two countries, to pay a state visit to China within one year of assuming office. Since then, there have been more exchanges of visits at the highest levels by officials of the two countries which are the two strongest economies of the world today.
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