Chinese vice premier meets U.S. treasury secretary on economic ties

Chinese Vice Premier Wang Yang met with U.S. Treasury Secretary Jacob Lew in Beijing on Sunday, discussing economic ties between the two countries.

Wang said the two sides, having achieved key progress in bilateral ties over the past year, should work together to set the economic agenda for this year's meetings between the two countries' presidents.

Wang said China is ready to work with the United States to ensure the success of the eighth annual economic dialogue, and push forward negotiations on a bilateral investment treaty and on an environmental goods agreement under the World Trade Organization framework.

The vice premier hoped the two sides will enhance mutual trust and control their disputes to advance economic ties in a healthy and sustainable way.

As to the just-concluded Group of 20 (G20) Finance Ministers and Central Bank Governors Meeting, Wang said that China and the United States should work together to ensure that commitments at the meeting are honored in pursuit of strong, sustainable and balanced global growth.

The treasury secretary said the U.S. is willing to maintain communication and coordination with China on bilateral and global economic issues. He also said the United States supports China to host the G20 Hangzhou Summit.

The G20 Hangzhou Summit is slated for Sept. 4-5 with a theme of "Towards an Innovative, Invigorated, Interconnected and Inclusive World Economy." Endit