President Obama: ‘We Welcome China’s Rise’

Obama: “We Welcome China’s Rise” (CBS NEWS)

China’s rapid growth is often painted as a threat to American interests. But President Obama said today that the country’s economic progress benefits the United States and opens the door to greater international stability and humanitarian progress.

“We welcome China’s rise,” Mr. Obama said at a press conference at the White House with Chinese President Hu Jintao. “I absolutely believe that China’s peaceful rise is good for the world, and it’s good for America.”

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