13 Nov '11, 4am

China must play by the rules, warns Obama

China must play by the rules, warns Obama

HONOLULU, Hawaii: US President Barack Obama warned Saturday that China must "play by the rules" of global trade ahead of his first summit in 10 months with Chinese President Hu Jintao. Hu and Obama met later on the eve of a wider Asia-Pacific summit, which comes as signs proliferate of increasing security and economic competition between the United States and the rising Asian giant. No statement was immediately available but the two leaders were expected to talk through a slate of security and economic issues, including US calls for China to permit its yuan currency to rise and US concerns over latest assessments of Iran's nuclear program. The meeting took place amid rising domestic political pressure on Obama over China's trade record from the Republican presidential field and in Congress, as the president gears up for a tough reelection fight next year. At a meeting with...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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