Obama said that the U.S. wanted a world "where every nation plays by the rules, where workers' rights are respected, and our businesses can compete on a level playing field; where the intellectual property and new technologies that fuel innovation are protected; and where currencies are market driven so no nation has an unfair advantage."
"Every nation will chart its own course," Obama said. "Yet it is also true that certain rights are universal; among them, freedom of speech, freedom of the press, freedom of assembly, freedom of religion, and the freedom of citizens to choose their own leaders."
"The US House intelligence committee said the investigation would look into whether the expansion of these firms in the US posed a security threat.
The committee has named Huawei and ZTE as two of the companies that it is probing."
The document points out the obvious need to bolster trade with Asia, and China in particular, sources say. China's fast growing economy has an insatiable need for natural resources to power growth. But that has raised red flags because Chinese investors are state-owned entities, not private companies. Foreign Affairs experts are working to draft a definitive document on the implications of doing business with state-owned enterprises from China, sources say.