Lew raps China on excess steel production

GMT 04:48 2016 Monday ,06 June

Arab Today, arab today Lew raps China on excess steel production

Beijing economy
Beijing - Arab Today

US Treasury Secretary Jack Lew called on China Monday to cut excess capacity in sectors such as steel and aluminium, saying such overcapacity had a "distorting and damaging effect on global markets".

The statement came during a key annual meeting in Beijing focused on ironing out differences over economics and security between the world's two top military and economic powers.

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