imply that an agreement on one China was made in the 1992 meeting; thus, Chen's speech was widely seen as an effort to establish a basis for negotiations with the PRC without accepting the one China principle. The PRC did not respond to his speech favorably; thus, subsequently, no dialogs were initiated. The 1992 Consensus was invoked again the following year, when KMT chairman Lien Chan and People First Party (PFP) chairman James Soong made separate trips to Mainland China to begin party-to-party dialog both between the CCP and KMT and between the CCP and PFP. Both leaders explicitly endorsed the 1992 Consensus. During debates in the 2008 Taiwanese presidential election between KMT candidate Ma Ying-jeou and DPP candidate Frank Hsieh, Ma said the 1992 Consensus undoubtedly existed, and that while the DPP were entitled to disagree with it, they could not deny its existence. Furthermore, he stated that the agreements reached in the 2005 Pan-Blue visits to mainland China, which occurred on the basis of the 1992 Consensus, could, if it was beneficial to the people, be developed into policy and thence into law, and put into practice. Ma Ying-jeou era The election of the KMT to the ROC government saw both sides of the Taiwan strait moving closer to a common interpretation of the Consensus. In March, PRC's state news agency Xinhua in its English website reported a telephone discussion between US president George W. Bush and his PRC counterpart Hu Jintao. According to Chinese and American sources, Hu said that it is PRC's "consistent stand that the Chinese Mainland and Taiwan should restore consultation and talks on the basis of the 1992 Consensus, which sees both sides recognize there is only one China, but agree to differ on its definition". On the other hand, Xinhua's Chinese version of the report only stated that the resumption of the talks should be on the basis of the 1992 Consensus without expanding into the meaning of the Consensus. In his inauguration speech on 20 May 2008, ROC president Ma Ying-jeou stated that in 1992 the two sides of the strait reached a consensus which saw "one China with different interpretations" and the ROC would resume talks with the PRC as soon as possible based on the 1992 Consensus. On 28 May 2008, KMT Chairman Wu Po-hsiung met Hu Jintao as General Secretary of the Communist Party of China in Beijing