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U.S. calls on China, Japan and Europe to boost domestic demand [February 21, 2014] SYDNEY (Reuters) — China, Japan and Europe need to concentrate on boosting domestic demand to help rebalance the world economy, the head of the U.S. Treasury said on Friday. |
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Treasury Secretary Jack Lew told a finance
conference ahead of this weekend's G20 meeting that Japan's
economic reforms, known as Abenomics after Prime Minister Shinzo
Abe, had made progress, although more still needed to be done. Asked about the risks from China's shadow banking sector, Lew
said the sheer size of the Chinese economy meant Beijing had the
scope to deal with any dangers. (Reporting by Wayne Cole; editing by Paul Tait) [© 2014 Thomson Reuters. All rights reserved.] Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
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