Lew Says China’s Overcapacity Skewing Markets; U.S. to Push Cuts

  • Treasury Secretary calls excess capacity a ‘central concern’
  • Lew’s remarks come ahead of U.S.-China dialogue in Beijing

The U.S. will push China to reduce excess capacity in its economy at upcoming talks in Beijing, with Treasury Secretary Jacob J. Lew calling it an “area of central concern” Friday in Seoul.

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