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US says overcapacity in China skewing markets; to push Beijing for cuts

Saturday, June 4, 2016 - 05:50
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MR LEW: Said US will also insist China boosts domestic demand, raises household income and opens up markets

Seoul

THE US 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" on Friday in Seoul.

The issue bears watching when "excess capacity is distorting markets and important

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