China keeps away from clash over Obama's comments

China showed eagerness on Tuesday to shun a clash with the United States over trade and currency stands, straining that the World's two largest economies share a stake in steady ties.

Liu Zhenmin, Assistant Chinese Foreign Minister, did not openly speak to U.S. President Barack Obama's remarks in Hawaii on Sunday that the United States was unhappy with China's trade and currency practices.

"The sense of President Obama's remarks is a question that you should ask the White House and the State Department spokespeople," Liu told a press conference.

"China and the America are also economic associates each of which is significant to the other," Liu said at the conference about Prime Minister Wen Jiabao's attendance at local summits in Indonesia this week. Obama will meet Wen during the meetings.

"I think that in conjunction with the development of economic globalization, and the development of Asia-Pacific regional cooperation, China and the United States have largest potential to more strengthen business and trade collaboration."

China has wanted to put its business relationship with the United States back on path, careful that more disputing could make difficult a give up of higher posts amongst China's Communist Party leaders in 2012.

Utilizing some of his harder language yet against China, Obama, a day after face-to-face discussions with President Hu Jintao, called on China to retain the tasks of a "full-size" economy, stop "gaming the system" and make a level playing field for U.S. and other foreign businesses.

China, America's massive foreign creditor and its quicker-boosting large export market, shot back that it declined to follow worldwide economic regulations that it had no part in writing.

Tension had been building in the preface to the yearly Asia-Pacific Economic Cooperation (APEC) forum gathering over a planned U.S.-led free trade contracts that Washington desires as a offset to Chinese pressure but China sees as an effort to enforce it to play by U.S. regulations.

The currency quarrel between China and the United States has been at the heart of anxiety between the competitors.

Washington has long criticized that Beijing keeps its yuan currency unnaturally feeble to give its exporters a benefits. China contradicts that the yuan should rise only steadily to prevent damaging the economy and driving up joblessness, which would hurt international expansion.

At the APEC conference in Hawaii, Hu told Obama that even a large appreciation in the yuan against the dollar would not support U.S. trade and joblessness difficulties. But Obama later said the undervalued yuan provided Chinese commodities a 20-25% price benefit in international markets.

Liu said Wen would convene Obama during his tour to the Indonesian island of Bali for meetings with Association of South East Asian Nations (ASEAN) leaders and an East Asia Summit on November 19.

"China and the United States both have a largest crash on the Asia-Pacific area," Liu said. "For the two countries to accomplish collaboration and jointly advantage in Asia suits not only their interests, but also assists territorial peace and development."

U.S.-China cooperation has been overwhelmed by a sequence of disagreements, including disputes over China's trade and currency practices, U.S. arms sales to Taiwan, China's military upsurge in the Pacific and its human rights record.

The East Asia Summit meets senior authorities or leaders from Southeast Asia, China, Japan, India, Australia, South Korea and New Zealand.