Xi meets with US treasury secretary

Chinese President Xi Jinping emphasized strong ties between China and the US in order to promote global growth in a meeting Tuesday with US Treasury Secretary Jack Lew, Bloomberg reported. Xi and Lew hit on major points of tension between the two nations, including accusations that China keeps the yuan undervalued and is behind hacking attacks on the US. The two also discussed North Korea, the financial crisis in Cyprus and intellectual property during the 45-minute session, the first of two days of meetings. Today the treasury secretary will meet Xu Shaoshi, the new head of the National Development and Reform Commission, and Lou Jiwei, the new finance minister.