White House Press Secretary Josh Earnest has called on China to improve its economic transparency in light of the Chinese economic crisis.
"We certainly hear from business leaders in the United States that are interested in doing business in China that a more transparent business environment would make them more likely to do business there," said Earnest.
In response to a question, he added that "Ultimately, these are the kinds of decisions that Chinese officials have to make. The message they hear consistently from the Obama administration is one that a lot of which is focussed on the need for China to continue to pursue financial reform, and to move rapidly toward a more market-determined exchange rate system.
"But certainly improving transparency into their economy is something that we believe would be good for the global economy and also good for the economy in China as well."