(The US-led) TPP is being used to push aside China and to weaken China's economic core status," said Wu Xinbo, director of the Center for American Studies at Fudan University in Shanghai. "Promoting its own initiative will give China a bigger right to speak in the Asia-Pacific - to have a new status
Obama said Monday the United States "welcomes the rise of a prosperous, peaceful and stable China:' Still, American officials chafe at Beijing's insistence on promoting the Free-Trade Area of the Asia Pacific.