China, US pledge to further deepen economic ties

BEIJING - Chinese Vice Premier Wang Yang on Tuesday held talks with US Treasury Secretary Jacob Lew in Beijing, discussing a full-range of economic issues.

In a four-hour meeting, Wang said the world economy has shown momentum of a recovery, but it still has a long way to go to achieve robust, sustained and balanced growth globally.

He said China's economy has remained steady since the beginning of the year.

China has paid more attention to realizing medium-to-long term healthy development through restructuring the economy and deepening reform, he said.

As two major economies, China and the United States have worked closely to maintain the positive momentum of their economic cooperation, he said.

This year marks the 35th anniversary of the establishment of the China-US diplomatic relationship, and the two sides will hold the sixth China-US Strategic and Economic Dialogue (SED) in July, said Wang.

He voiced hope that the two sides will further implement the important consensus reached by both leaders through the SED and try to achieve more tangible results.

The US welcomes the sound development of China's economy, said Lew, adding that the steady growth of China's economy benefits the US, while the US recovery also benefits China.

The US is committed to strengthening economic cooperation with China and is willing to work with China to build a more open, balanced economic relationship, said Lew.

He said the US government has made it a policy priority to implement the long-delayed quota reform plan of the International Monetary Fund(IMF), which was agreed in 2010.

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