President Obama worked to project America's leadership today in Asia, and he announced a multi-nation-free-trade pact and warned China that now that it has more international influence, it must "play by the rules".
Obama recognized America's role in the past but insisted on U.S. primacy today, and on its expanding role in the international market. On the other side, China's president offered a competing vision for regional growth with dynamic Chinese markets and improving international businesses standards as an important key. The Chinese president highlighted China's potential and capital, and insisted on their goal: turn China into an innovation-driven country.
Their comments happened in front of businesses leaders who attended the Asia-Pacific Economic summit in Honolulu, and came after a private meeting between both leaders. From the meeting Obama insisted on the importance of working together, but even thought the Chinese leader talked about mutual respect and interest, journalists allowed in the room did not appreciate any of that by reading the Chinese president body language.
This will show what is coming, a competition between China and the U.S. to gain influence.
Also, Obama agreed on the Trans-Pacific partnership, a free trade agreement with eight other nations that will create jobs as it will open foreign markets to U.S. exports.
by Paula Elum
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