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Chinese vice premier meets U.S. treasury secretary

Xinhua, September 2, 2016 Adjust font size:

Chinese Vice Premier Wang Yang met with U.S. Secretary of Treasury Jacob Lew on Friday in the eastern Chinese city of Hangzhou ahead of the 11th G20 summit.

Wang said China and the United States have completed a peer review of each other's fossil fuel subsidies under the G20 framework before the summit, which he said has helped advance the reform of the two countries' economic restructuring and contribute to global efforts against climate change.

Lew said the completion of the review as scheduled will encourage more G20 members to conduct the review.

The United States is willing to work together with China to make the G20 summit as well as the U.S.-China leaders' meeting a success, he said. Endi