China's new leader, Xi Jinping, told the U.S. Treasury secretary today he wants strong ties with Washington as the two sides resumed high-level interaction following a months-long hiatus during the Chinese leadership transition.
Treasury Secretary Jacob Lew planned to raise issues including North Korea's nuclear program, China's exchange rate controls and cyberspying during his two day visit.
The meeting was the first high-level U.S.-Chinese contact since then-Defense Secretary Leon Panetta's brief visit to Beijing in September.
Leaders of the world's two biggest economies have stressed their common interests in security affairs and global economic stability even as they wrangle over complaints about China's trade surpluses, its exchange rate controls and efforts to curb global warming. Numerous computer hacking attacks on U.S. companies have been traced to China.
Contacts were suspended during the U.S. presidential election and China's once-a-decade leadership transition, which began with Xi being named Communist Party leader in November. He became president last week.