The One Global Necessity and American Leadership
It is wonderful to be back in China, and I’m grateful for the Chinese people’s extraordinary hospitality. This is my sixth trip to Asia as President, and my second this year alone. And that’s because, as I’ve said on each of my visits, America is a thoroughly Pacific nation. We’ve always had a history with Asia. And our future -- our security and our prosperity -- is inextricably intertwined with Asia. I know the business leaders in attendance today agree.
I’ve now had the privilege to address the APEC CEO summit in Singapore, in Yokohama, and in my original hometown of Honolulu, and now in Beijing. And I think it’s safe to say that few global forums are watched more closely by the business community. There’s a good reason for that. Taken together, APEC economies account for about 40 per cent of the world’s population, and nearly 60 per cent of its GDP. That means we’re home to nearly three billion customers, and three-fifths of the global economy.
And over the next five years, nearly half of all economic growth outside the United States is projected to come from right here, in Asia. That makes this region an incredible opportunity for creating jobs and economic growth in the United States, and any serious leader in America, whether in politics or in commerce, recognises that fact.
The last time I addressed this CEO summit was three years ago. Today, I’ve come back at a moment when, around the world, the United States is leading from a position of strength. This year, of course, has seen its share of turmoil and uncertainty. But whether it’s our fight to degrade and destroy the terrorist network known as ISIL, or to contain and combat the Ebola epidemic in
POSITION OF STRENGTH: