China’s Vice Finance Minister Zhu Guangyao discussed China’s economy with CCTV America’s Jim Spellman. Vice Minister Zhu travelled to Washington with China’s President Xi Jinping.

Zhu said “China is in a very crucial point in time” as the economy evolves and transforms. He noted that negotiations between China and the U.S. on a bilateral investment treaty are intensifying, but a deal has not been finalized.