China is undertaking structural reforms as path to balanced development, minister says

Finance Minister Lou Jiwei urged the United States to assume more responsibility for boosting the global economic recovery in line with its capacity as the world's largest economy.

"Currently, China contributes about 30 percent of global economic growth, while the United States contributes about 10 percent. As the world's largest economy, the US should take on more responsibilities," Lou told a news briefing on the sidelines of the seventh China-US Strategic and Economic Dialogue, which opened on Tuesday in Washington.