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Vice-premier meets US treasury secretary

Updated: Sep 3,2016 10:03 AM     Xinhua

HANGZHOU — Vice-Premier Wang Yang met with US Secretary of Treasury Jacob Lew on Sept 2 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 China-US leaders’ meeting a success, he said.

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