Finance minister: China and US rely on each other

The US needs to recognize that it and China are mutually dependent on each other and their economic cycles are intertwined, according to Finance Minister Lou Jiwei.

"We have more in common than sets us apart," Lou said in an interview with The Wall Street Journal published on Sunday.

Asked to comment on Republican presidential candidate Donald Trump's stance on protectionist policies, Lou said, "Trump is an irrational type."