U.S. Treasury Secretary Jack Lew said on Sunday that it was critical for China to continue moving toward a more market-oriented exchange rate and clearly communicate its actions to the market.
Lew made the remarks during a meeting with Chinese Vice Premier Wang Yang in Beijing, following the G20 finance ministers' summit in Shanghai.
"As the global economy faces many challenges, our open and frank communications are more important than ever, and we must continue to work together for the benefit of both of our nations," Lew said.