Cool!
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BEIJING: US president Barack Obama on Monday said his country "welcomes rise of a prosperous, peaceful and stable China".
"Our message is that we want to see China successful. But, as they grow, we want them to be a partner in underwriting the international order, not undermining it," said Obama, who is in China for the Asia Pacific Economic Cooperation (APEC) summit.
He urged Chinese leaders to create a fair market for foreign firms. "We look to China to create a more level playing field on which foreign companies are treated fairly," he said. He added the US was looking to China to "move definitively toward a more market-determined exchange rate" and "to stand up for human rights and freedom of the press".
Obama said he would raise the issues with Chinese leader Xi Jinping. "We suggest that China do these things for the sake of sustainable growth in China and the stability of the Asia-Pacific region," said Obama, who spotted a Chinese dress along with 20 APEC leaders at a dinner.
The US is likely to expand scope of its Trans-Pacific Partnership (TPP) to include China, the world's second largest economy. China had countered this by the Free Trade Area of the Asia-Pacific (FTAAP) while promising to include all 21 APEC members.
Obama seemed to be battling for TPP as China seemed to be gaining support with FTAAP. A joint APEC foreign ministers statement called for steps to be taken to "translate the FTAAP from a vision to reality".
It agreed to launch a "strategic study" on FTAAP, avoiding China's calls for a "feasibility study" on the concept.
Chinese leaders seemed to have succeeded in forcing the US to modify TPP to avoid Beijing's FTAAP. TPP aims to "rebalance" strategic attention to the Asia-Pacific. It covers a dozen members, including Japan, Australia, Malaysia and Mexico.
Obama separately signed an agreement with Chinese president Xi Jinping expanding visa facilities for Chinese citizens from one to 10 years.
Obama says US welcomes China rsquo s rise - The Times of India
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BEIJING: US president Barack Obama on Monday said his country "welcomes rise of a prosperous, peaceful and stable China".
"Our message is that we want to see China successful. But, as they grow, we want them to be a partner in underwriting the international order, not undermining it," said Obama, who is in China for the Asia Pacific Economic Cooperation (APEC) summit.
He urged Chinese leaders to create a fair market for foreign firms. "We look to China to create a more level playing field on which foreign companies are treated fairly," he said. He added the US was looking to China to "move definitively toward a more market-determined exchange rate" and "to stand up for human rights and freedom of the press".
Obama said he would raise the issues with Chinese leader Xi Jinping. "We suggest that China do these things for the sake of sustainable growth in China and the stability of the Asia-Pacific region," said Obama, who spotted a Chinese dress along with 20 APEC leaders at a dinner.
The US is likely to expand scope of its Trans-Pacific Partnership (TPP) to include China, the world's second largest economy. China had countered this by the Free Trade Area of the Asia-Pacific (FTAAP) while promising to include all 21 APEC members.
Obama seemed to be battling for TPP as China seemed to be gaining support with FTAAP. A joint APEC foreign ministers statement called for steps to be taken to "translate the FTAAP from a vision to reality".
It agreed to launch a "strategic study" on FTAAP, avoiding China's calls for a "feasibility study" on the concept.
Chinese leaders seemed to have succeeded in forcing the US to modify TPP to avoid Beijing's FTAAP. TPP aims to "rebalance" strategic attention to the Asia-Pacific. It covers a dozen members, including Japan, Australia, Malaysia and Mexico.
Obama separately signed an agreement with Chinese president Xi Jinping expanding visa facilities for Chinese citizens from one to 10 years.
Obama says US welcomes China rsquo s rise - The Times of India
