Obama, while welcoming new Chinese Ambassador Zahng Yesui at the White House, expressed his desire to improve relationship between the two countries.
"Washington and Beijing must work work together with international community on critical global issues including non-proliferation and pursuing sustained and balanced global growth," a statement released by the White House press secretary Robert Gibbs said.
Reciprocating US stand, a Foreign Ministry Spokesman in Beijing Qin Gang acknowledged that the recent incidents 'were not in the interest of the two countries'.
"A good Sino-US relationship is in the fundamental interest of the two countries and their people, and is beneficial to peace, stability and prosperity in Asia and the world," Qin said.
US and China experienced a major strain in their ties due to issues like value of yuan, arms sale to Taiwan, Google and Tibetan spiritual leader Dalai Lama's visit to the White House despite China's oppositon against his visit.
This warm gesture by the US President comes ahead of the next round of high level Sino-US strategic and economic talks, which is expected to be held in Beijing in late May.