Chinese vice premier, U.S. treasury secretary discuss investment treaty, G20 summit

Chinese Vice Premier Wang Yang held a telephone conversation Wednesday with U.S. Treasury Secretary Jacob Lew on the negotiations on the bilateral investment treaty and this year's Group of 20 (G20) summit in China.

Wang introduced the status quo of the Chinese economy and the country's ongoing structural reform. He stressed that China has remained capable of keeping the RMB exchange rate basically stable at a reasonable and balanced level.

Wang and Lew also exchanged views on seeking progress on the China-U.S. bilateral investment treaty and pushing forward negotiations under the World Trade Organization on an environmental goods agreement.

The vice premier also said China is willing to strengthen communication and cooperation with the United States to jointly make the upcoming G20 summit in the eastern city of Hangzhou a success.

After providing an overview of the United States' economic situation, Lew said China's economic reform is headed in the right direction. He added that the United States believes that China would pull off a successful economic transformation while maintaining long-term growth and stability, which is in the interests of both the U.S. economy and the global economy.

Lew also said that the United States would like to enhance communication and coordination with China on relevant policy-making in support of China for a successful G20 Hangzhou summit. Endi