AUSTRALIAN Prime Minister Paul Keating yesterday showed that his country would play up trade and investment in its China policy, while playing down human rights. He came away from two days of talks in Beijing with hopes of striking a major deal on wool. Mr Keating said Vice-Premier Zhu Rongji had told him China was prepared to take a serious look at removing tariffs and quotas on wool with a view to jointly developing a low-cost, high-quality wool. ''It is clear that we have the ingredients of a new wool market, if we could put it together,'' Mr Keating said. ''But it's a very big if, and it will take some doing. It would have to at least begin with access of Australian wool to the market [in China].'' However, there was no mention of a specific date for which talks on carving out a Chinese-Australian wool market might begin. With such a venture, Mr Keating would aim to help boost the Australian wool industry, which has been hurt by the perception of wool as an expensive fabric, and by high Chinese tariffs. Mr Keating is using his five-day trip to Beijing and Shanghai as an opportunity to drum up business. Human rights were only mentioned briefly in talks between Mr Keating and Premier Li Peng. ''Human rights were dealt with briefly,'' Mr Keating said. He expressed concern about the ''question of cultural and religious accommodation of the Tibetan people''. Mr Li responded with historical background. ''We now have a better understanding of each other's view,'' Mr Keating said. ''The visit to Beijing is most worthwhile from my point of view,'' Mr Keating said. ''The radical reform of the Chinese economy is providing many opportunities for Australian companies. It's important that the dialogue between our governments is kept up.'' He also spoke to the Chinese about the possibility of an expanded role for the 15-nation Asia Pacific Economic Co-operation (APEC) group, of which China is a member. Mr Keating wants to see APEC become something which falls just short of a free trade zone. China has been relatively inactive in APEC. ''The trade policy environment in the Asia-Pacific region is currently very fluid and because of China's increasing role in the region's trade it is important that our governments stay in touch at the highest level and co-ordinate our strategies,'' Mr Keating said. ''One characteristic of the Chinese leadership which I very much respect is that they all have a very clear-sighted view of their country's interests and think very much in the long term.'' Mr Keating refused to elaborate on his comment earlier this year that Sydney deserved to win the 2000 Olympics bid because every day in that city was a pageant, at least compared with Beijing, the other main contender for the Games, which Mr Keating described as ''hardly fun city.'' ''I didn't come here for fun. I came here to work,'' Mr Keating said. ''The relative merits of our bids will be assessed. But that's a matter for a body in which I don't have any participation,'' Mr Keating said.