China Seeks Intensified Coordination But U.S. Plays It Cool
- U.S. Treasury chief Lew, Chinese finance minister met at G-20
- Concern about yuan fades as Brexit and Turkey climb worry list
G-20 to Fight Weak Global Recovery
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Chinese and U.S. officials at the weekend’s Group of 20 finance ministers’ meeting showed signs of being at odds on how synchronized efforts to boost global growth need to be, with China stressing the need for improved coordination more than the U.S.
U.S. Treasury Secretary Jacob J. Lew on Thursday talked down the need for crisis-level coordination as he headed to Chengdu, China, for the meeting. On Friday, Chinese policy makers added urgency to their earlier call to strengthen efforts across the globe to break down a prolonged period of sluggish growth.