Clinton: US economic policy must look to Asia

By the Associated Press | October 13, 2011 | 7:45 PM EDT

NEW YORK (AP) — Secretary of State Hillary Rodham Clinton says it's time for the United States to look to Asia and ensure that economic concerns drive foreign policy.

Concerns about the rising power of China and the rest of Asia are clear in excerpts of a speech Clinton plans to give Friday morning in New York. The State Department has released the excerpts Thursday.

As the U.S. pulls out of Iraq and brings troops back from Afghanistan, Clinton's speech says the United States must focus on building the kind of cross-Pacific ties that the U.S. has had with Europe for decades.

"Our great challenge is not facing down any single military foe, but upholding our global leadership at a time when power is more often measured and exercised in economic terms," she says.