On the night of March 10, 2003, President Jiang Zemin held a phone conversation with US President George W. Bush upon request, during which they exchanged views on the nuclear issue of the Democratic People's Republic of Korea (DPRK) and the Iraq issue.

Bush said the United States attaches importance to China's stand on the nuclear issue and stands ready to work with relevant parties to realize denuclearization of the Korean Peninsula. Bush reiterated the US position on the Iraq issue, emphasizing that the issue concerns the security of the United States.

On the nuclear issue of the DPRK, Jiang said China hopes that various sides will keep calm and avoid taking actions which may further aggravate the situation. China welcomes the US willingness to address related matters peacefully through dialogue. The form of dialogue is not the most important, the key is whether both sides have sincerity, whether the dialogue has substantial content and result, whether it is favorable to the denuclearization in the peninsula, to solving the matters which the US and the DPRK care about respectively and to safeguarding the peace and stability of the peninsula

As to the Iraq issue, Jiang stressed that weapons inspection should be carried on and the issue should be resolved by peaceful means. The international community does have a consensus on the Iraq issue, and Iraq must comprehensively, strictly and thoroughly carry out the UN Security Council's resolution and cannot possess weapons of mass destruction. Great efforts should be made to maintain the unity and authority of the UN Security Council and implement the Resolution 1441 well, which is the foundation for resolving the Iraq issue.

The two leaders agreed that China and the US should strengthen contact and cooperation, properly handle issues they care about, and promote the stable development of bilateral relations.