Transcript: Obama in China Town Hall Meeting with Chinese Students

Read the complete transcript of President Obama's town hall meeting with Chinese students in Shanghai:

Q: I want to pose a question from the Internet. I want to thank you, Mr. President, for visiting China in your first year in office, and exchange views with us in China. I want to know what are you bringing to China, your visit to China this time, and what will you bring back to the United States? (Applause.)

PRESIDENT OBAMA: The main purpose of my trip is to deepen my understanding of China and its vision for the future. I have had several meetings now with President Hu. We participated together in the G20 that was dealing with the economic financial crisis. We have had consultations about a wide range of issues. But I think it's very important for the United States to continually deepen its understanding of China, just as it's important for China to continually deepen its understanding of the United States.

In terms of what I'd like to get out of this meeting, or this visit, in addition to having the wonderful opportunity to see the Forbidden City and the Great Wall, and to meet with all of you -- these are all highlights -- but in addition to that, the discussions that I intend to have with President Hu speak to the point that Ambassador Huntsman made earlier, which is there are very few global challenges that can be solved unless the United States and China agree.

So let me give you a specific example, and that is the issue we were just discussing of climate change. The United States and China are the world's two largest emitters of greenhouse gases, of carbon that is causing the planet to warm. Now, the United States, as a highly developed country, as I said before, per capita, consumes much more energy and emits much more greenhouse gases for each individual than does China. On the other hand, China is growing at a much faster pace and it has a much larger population. So unless both of our countries are willing to take critical steps in dealing with this issue, we will not be able to resolve it.

There's going to be a Copenhagen conference in December in which world leaders are trying to find a recipe so that we can all make commitments that are differentiated so each country would not have the same obligations -- obviously China, which has much more poverty, should not have to do exactly the same thing as the United States -- but all of us should have these certain obligations in terms of what our plan will be to reduce these greenhouse gases.

So that's an example of what I hope to get out of this meeting -- a meeting of the minds between myself and President Hu about how together the United States and China can show leadership. Because I will tell you, other countries around the world will be waiting for us. They will watch to see what we do. And if they say, ah, you know, the United States and China, they're not serious about this, then they won't be serious either. That is the burden of leadership that both of our countries now carry. And my hope is, is that the more discussion and dialogue that we have, the more we are able to show this leadership to the world on these many critical issues. Okay? (Applause.)

All right, it's a -- I think it must be a boy's turn now. Right? So I'll call on this young man right here.