However, China has been excluded from the picture.
This has led to some observers to suggest the United States' policy toward the Asia-Pacific is designed to try to contain China.
Both Hillary Clinton and Leon Panetta have denied the suggestion, saying the Pacific is "big enough for all of us".
The Pentagon also made clear that it will not take sides in the territorial disputes over the Diaoyu Islands and Huangyan Island.
Professor Yu Nanping with the School of Advanced International Studies at East China Normal University says given the complicated diplomatic environment, the authorities should never lose sight of the economic links between China and the US.
"Although we have seen some frictions in Sino-US relations over the years, overall we have seen developments. This is due to the strong economic ties China has with the U.S. The same logic can also be applied to China's relations with other countries in the Asia-Pacific region. The stronger economic ties we have, the more common interests we will share with other countries. "
China and the U.S are now each other's second-largest trading partners, with bilateral trade approaching 500 billion U.S dollars.
At the same time, China-ASEAN bilateral trade has approched close to 400-billion dollars this past year, with the latest figure coming in at 360 billion dollars through the first 11 months of 2012.
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