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BEIJING, Feb. 16 (Xinhua) -- Chinese Vice Premier Wang Yang had a phone conversation with U.S. Secretary of Treasury Jacob Lew on Monday on issues including Sino-U.S. economic ties and global economic situation.

Wang also expressed the hope that the meeting would offer an opportunity to properly handle the historical issues by facing up to history and advancing toward future so as to ensure the trilateral cooperation will move forward in a right direction.

Trade with the ten ASEAN economies accounts for 11.16 percent of China's total trade, reaching 480.4 billion U.S. dollars last year. The talks to crank up the free trade agreements, now in the second round, focus on more measures to open markets and facilitate trade of goods, service and mutual investment.

The document also vows to seek ways for consultation among non-public organizations.

In the face of mounting downward economic pressure, we maintained strategic focus and kept our macroeconomic policy unchanged. Instead of using short-term stimulus measures, we continued to develop new ideas and methods for macro regulation. We exercised targeted regulation, stimulated market activity, shored up our weak spots, and boosted the real economy. With a keen understanding of the appropriate range within which the economy needs to be operating, we adopted targeted steps to address the serious issues and structural problems hindering development. We promoted reform to gain impetus for development, made structural adjustments to produce support for development, and improved living standards to increase the potential for development. We both expanded market demand and increased effective supply, working to ensure that structural adjustments were made without compromising the growth rate.