US welcomes rise of prosperous, peaceful, stable China

The US welcomes the rise of a prosperous, peaceful and stable China, President Barack Obama said on Monday in Beijing, according to China's official Xinhua News Agency. Speaking at the 2014 Asia-Pacific Economic Cooperation (APEC) CEO Summit, Obama said US-China relationship is not a "zero-sum game" and benefits both countries and the world.
As the world's two largest economies, the two countries "have special responsibilities to embrace," Obama said. "If China and the United States can work together, the world benefits." He noted that enhancing China's integration to the world economy is in "US best interest and the world's best interest. We want China to do well." Obama also announced the two nations have agreed to implement a new visa arrangement during his visit, which will extend the student visa from one year to five years, and business and tourist visa to 10 years. This will benefit students and business large and small, Obama said, adding China's economic development and Chinese tourists made positive contribution in creating jobs for Americans and hence promoting the country's economy.
Noting his country's security and prosperity "is inextricably intertwined with Asia," Obama explained that the region is "an incredible opportunity for creating jobs and economic growth for the US." "Over the next five years, nearly half of all economic growth outside the US is projected to come from right here, in Asia," he said..