US Treasury Secretary Timothy Geithner has urged China to change its export-led growth policy and focus on increasing domestic consumption.
Mr Geithner said that such a shift was necessary to sustain China's economic growth in the future.
China, the world's second-largest economy, relies heavily on its exports for growth.
However, a slowdown in key markets such as the US and Europe has raised fears about China's growth being hurt.
"In China, you are in the process of exploring the next frontier of economic reforms, recognizing as your predecessors did more than 30 years ago, that future economic growth will require another fundamental shift in economic policy," Mr Geithner said at the opening of the annual US-China talks in Beijing.
"The United States has a strong interest in the success of these reforms, as does the rest of the world."
Source & Image : BBC
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