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Welcome to worldwide exchange. Im wilfred frost. We are listening to president obama addressing the world summit in beijing. Lets listen in. Americas first trade mission visited china just a year after americas revolution ended. 230 years later we are two of the largest economies in the world. We have benefits of both of our countries. China is our fastest grower export market. Chinese direct investment in the United States has risen sixfold over the past five years. Chinese firms directly employ a rapidly growing number of americans. And all these things mean jobs for the American People and deepening these ties will mean more jobs and opportunities for both of our peoples. And thats why im very pleased to announce during think visit, the United States and chinese agreed to implement a new plan for visas to tourists and businesses large and small. Under the current arangement, visas between the two countries last for only one year. Under the new arrangements, student and Exchange Visa

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