Obama hails security pact with Philippines, says no threat to China

MANILA (Reuters) - President Barack Obama said a new military pact signed with the Philippines on Monday granting a larger presence for U.S. forces would bolster the Southeast Asian country's maritime security, but was not aimed at countering China's growing military might.

The agreement, which will have an initial 10-year term, was touted as the highlight of Obama's first visit to the Philippines, the United States' oldest ally in the region.