INewsToday: He also said it was important to conclude a bilateral investment treaty with the United States. The comments came ahead of talks in Beijing between the United States and China on trade and security.
"Excess capacity has a distorting effect and damaging effect on global markets", Lew said at the start of two days of high-level talks.
"This means enacting policies that encourage healthy competition, ensuring predictability and transparency in the policy-making and regulatory process, protecting...