As the world leaders expressed concern over slowdown in China dragging down the global economic growth US has asked China to fast-track reforms and refrain from devaluation. In a meeting with Chinese Finance Minister Lou Jiwei at the G20, US Treasury Secretary Jacob Lew asked Beijing to ensure that the currency is allowed to move freely as per market forces. Lew said that continued progress on economic reforms would result in a stronger, more stable, and more balanced Chinese and global economy.