Obama Stresses Cooperation in Phone Call with China's Xi
President Barack Obama says he wants U.S.-China relations to be defined by more cooperation and better handling of disagreements.
A White House statement says the pledge was made during a phone call Monday between Mr. Obama and Chinese President Xi Jinping.
The statement said the two leaders also discussed shared regional and global challenges, including Iran's and North Korea's nuclear programs.
Mr. Obama said Iran must show its nuclear program is "exclusively peaceful." He called for greater U.S.-China cooperation in the ongoing Geneva talks.
He also stressed the need for "enhanced communication and coordination" with China to ensure North Korea meets its denuclearization commitments.
The phone call follows annual talks last week between top U.S. and Chinese leaders in Beijing, where the White House said "important progress" was made.
BRICS Nations to Discuss New Bank
Brazil, Russia, India, China and South Africa are expected to unveil alternative organizations to the World Bank and International Monetary Fund on Tuesday.
The five emerging economies, known as the BRICS, are meeting at a two-day summit in Fortaleza, Brazil. Their World Bank alternative, tentatively named the New Development Bank, will start with $50 billion -- $10 billion from each member -- to fund poverty relief in developing countries.
Reuters news agency reports the bank is projected to make its first loan in 2016.
The BRICS will also set up a $100 billion fund in contingency reserves, as an alternative to the International Monetary Fund.
China will provide $41 billion for the IMF alternative, with $18 billion each from Brazil, India and Russia, and $5 billion from South Africa.
The location of the new bank's headquarters has not been decided. Shanghai, Moscow, New Delhi and Johannesburg are all reported contenders.