Talks can help stimulate global economy, Wall Street exec says

A top Wall Street business executive says he expects historic opportunities to arise for stimulating the world economy when Chinese and US top leaders meet in Washington this week.

The two nations are renewing efforts to reach a broader consensus on market access for bilateral investment, marking a milestone in the two countries' diplomacy, said Goldman Sachs Vice-Chairman Mark Schwartz, who also is chairman of Goldman Sachs Asia-Pacific.

"There are so many ways that the two countries can work more closely, especially on economic issues including trade and direct foreign investment," he added.