China, US should increase policy cooperation: Chinese vice-minister

BEIJING - China and the United States should open up their markets to each other and increase policy coordination and cooperation, China vice finance minister Zhu Guangyao said on Thursday. Zhu also said the global economy faces relatively big downward pressure. Zhu made the remarks days ahead of the annual US-China Strategic and Economic Dialogue will be held June 6-7 in Beijing. -Reuters