U.S. President Barack Obama listens to Australian Prime Minister Tony Abbott speak during a bilateral meeting Monday, Nov. 10, 2014 in Beijing. (AP Photo/Pablo Martinez Monsivais)
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U.S. President Barack obama said on Monday he sees momentum building for a Washington-backed free trade agreement in the Asia-Pacific, after arriving in Beijing on the first leg of an eight-day Asia tour.U.S officials had ruled out a major announcement on the ambitious 12-country Trans-Pacific Partnership (TPP) in Beijing, where obama will attend the Asia-Pacific Economic Cooperation (APEC) forum and meet Chinese President Xi Jinping.obama's focus on Asia business ties on the first day of his visit underscored his efforts to strike a balance between seeking deeper economic cooperation with a rising China while also challenging Beijing with the U.S. pursuit of the TPP.obama was due to speak to a conference of corporate chief executives in Beijing a day after Xi assured them that risks faced by China's economy were "not so scary". For his part, obama comes to China boasting a resurgent U.S. economy.
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