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The United States and China sparred over exchange rates at a meeting of Asia Pacific leaders on Sunday, pointing to tricky talks ahead for President Barack Obama when he flies to China to address economic tensions.

Some members of the Asia Pacific Economic Cooperation grouping, which includes the United States and China, expressed concerns over unstable currency movements at a summit, host Singapore said on Sunday.

The United States and China sparred over exchange rates at a meeting of Asia Pacific leaders on Sunday, pointing to tricky talks ahead for President Barack Obama when he flies to China to address economic tensions.

U.S. President Barack Obama said on Sunday the world economy was on a path to recovery but warned that failure to re-balance the global economic system would lead to further crises.

U.S. President Barack Obama said on Sunday the world economy was on a path to recovery but warned that failure to re-balance the global economic system would lead to further crises.

Chinese Vice Commerce Minister Chen Jian on Sunday played down talk of a shift in the central bank's currency policy as well as mounting expectations of a rise in the yuan's exchange rate.

Asia Pacific leaders struggled to agree a final statement on Sunday as Washington and Beijing debated the wording on market-oriented exchange rates and trade protectionism, an APEC delegation official said.

The United States and China are debating the final wording on market-oriented currency exchange rates and combating trade protectionism that was included in a draft APEC leaders' statement, an APEC delegation official said on Sunday.