BEIJING, July 27 (Xinhua) -- Chinese Vice Premier Wu Yi met here Friday with Steve Van Andel, chairman of the Amway Corporation based in the United States.

China and the United States have enjoyed a sound development of economic and trade relations featuring stable two-way investment and broad cooperative areas, Wu said.

"Both Chinese and U.S. companies have made great efforts to establish healthy, stable growth of bilateral economic relations," Wu said, adding that she hoped Amway could continue to make contributions to the Sino-U.S. ties during its legal operations in China.

Echoing Wu's remarks, Van Andel said Amway actively supports the development of China-U.S. friendly cooperative relations and will try its best to be a model in the Chinese direct selling industry.

In 2005, China mapped out regulations on direct selling in order to regulate the sector and prevent pyramid selling and open direct selling business as part of its commitment to the World Trade Organization(WTO).