“It’s inevitable that a transition such as the one China is undergoing will take some time,” said Caroline Atkinson, U.S. Deputy National Security Adviser For International Economics, commenting on the slowdown of China’s economy in an interview with CCTV America.

She said the White House hopes to see China’s commitment to market-based reports stimulate domestic demand, which she said will drive not just the Chinese economy but global growth. When asked if negotiations toward a bilateral investment treaty would be concluded by the time U.S. President Barack Obama leaves office, Atkinson gave no time frame, saying “substance drives timing.” Atkinson also previewed the economic agenda for the upcoming meetings between Obama and visiting Chinese President Xi Jinping.