(NECN/ABC) - President Obama is winding down his 10-day trip to Asia with a visit to China.
Mr. Obama and the Chinese President are meeting to discuss a wide range of issues.
President Obama says the U.S. Government is committed to a strategy of spending less and saving more.
Speaking in Beijing alongside China's president, Obama says China has helped the U.S. pull out of the recession.
The United States' budget deficit is soaring to a yearly record of 1.42 trillion and China is the No. 1 lender to Washington.
ABC News reporter Yunji de Nies reports.