A day after U.S. Treasury Secretary Jacob J. Lew criticized China for dragging its feet on economic reform, a senior Chinese official has struck back.
“Take the U.S., for example: Its recovery is being helped by monetary policy and not much by structural adjustment,” Lou Jiwei, the 63-year-old finance minister told Bloomberg News on Feb. 22 at a G-20 ministerial meeting in Sydney. “They have always been saying that China should boost its consumption ratio and the U.S. should boost its investment ratio, but that structural change is not happening in the United States.”
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Dexter Roberts, Bloomberg News via CHINA US Focus http://ift.tt/1juorij
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