Obama: 'We want China to do well'

Putting a bright face on the future of U.S. ties to China, President Barack Obama announced Monday that the two countries would start granting visas to each other's citizens valid for up to a decade. Yet thorny issues like human rights and trade lurked just under the surface, reflecting the tough road ahead for the two economic powers as Obama began a weeklong trip to the region.

Obama, addressing Asian business leaders at a high-level summit, sought to dispel the notion that America's interest in Asia should be a cause for concern for China's leaders. Beijing has viewed Obama's engagement here with trepidation, suspecting the U.S. wants to limit China's rise, but Obama insisted that "one country's prosperity doesn't have to come at the expense of the other." Read more...

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