Chinese President Hu Jintao has arrived in the United States for a four-day stay. President Obama and Hu shared a private dinner last night, to be followed by a joint news conference today and a lavish state dinner at the White House. Also today, Obama and Hu will meet with a number of U.S. and Chinese business executives. Among the executives expected to attend are the CEOs of Microsoft, Goldman Sachs, General Electric and Boeing. Ahead of the trip, White House spokesperson Robert Gibbs said Obama will raise U.S. allegations that China has manipulated the price of its currency.

Robert Gibbs: “We believe more must be done in terms of their currency. Obviously, with inflation, there are some impacts on the real value of the currency. They have made some — they have taken some limited steps, despite the answers, to revalue their currency. And our belief, as you heard Secretary Geithner in here just Friday say, we believe that more must be done. That is an opinion that is held not just by this country, but by many countries around.”