Washington firmly believes that China's peaceful rise and success are of vital importance to global security and prosperity, he said, noting that the United States and China should enhance cooperation to jointly deal with global challenges and threats.

Obama said the United States hopes to resolve regional hotspot issues through peaceful means, and will not take a position in issues concerning sovereign and territorial disputes in the region.

The East Asia Summit kicked off here Tuesday, bringing together leaders of the 10 Association of Southeast Asian Nations member states and eight dialogue partners as well as heads of some international financial institutions.

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