The U.S. Treasury Secretary calls on China to transform its economic structure, saying that export capacity needs to be reduced.

The US Treasury Secretary Jacob Lew said at an event hosted by the Institute of International Finance: "China needs to change, and China itself knows that, and everyone knows that. We hope to help China achieve this transformation because we ourselves also need rebalancing."

Lew pointed out that China can start by reducing export capacity and turning to support its own consumers and domestic demand to achieve fundamental adjustment of its economic structure.

Why is the US Treasury Secretary worrying about China's affairs? Can you handle it?

A hegemonic mentality is always present.

However, what he said is exactly what China is currently doing.

Original Source: https://www.toutiao.com/article/1830287043711068/

Disclaimer: The article solely represents the author's viewpoint.