United States has said that the American economy is resilient and durable enough to withstand the challenge posed by the ongoing economic crisis in China. At his daily news conference, White House Press Secretary Josh Earnest asked Beijing to move towards a transparent economy and a market-based currency system. He said the US believes that improving transparency into Chinese economy will be good for the global economy as well as for China itself. Earnest said the US businesses over the last 65 consecutive months have added 13 million jobs and that is the longest sustained private sector job growth streak in American history. Earnest urged China to continue to pursue financial reform to increase exchange rate flexibility and to move rapidly toward a more market determined exchange rate system.