Clinton: US economic policy must look to Asia

It's time for the United States to look East and make sure economic concerns drive foreign policy, Secretary of State Hillary Rodham Clinton will tell U.S. business leaders Friday.

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 released the excerpts Thursday evening.

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

"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," the speech says.

China isn't mentioned by name in Clinton's excerpts, but it looms as the world's second largest economy and as a country that increasingly isn't shy about showing off its weapons as well as its wealth.