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U.S. to Urge G20 to Boost Economies, Heed Citizen Anger

Sep 01 , 2016

U.S. President Barack Obama will urge leaders of the world's major economies to use fiscal policy and other tools to boost growth while paying more attention to angry citizens who feel left behind, Treasury Secretary Jack Lew said on Wednesday.

The United States will also call for the Group of 20 leading economies to keep their steel industries from getting so big that factories are underused, Lew said in a preview of the U.S. message to the Sept. 4-5 G20 summit in Hangzhou, China.

Lew's comments suggest Washington could press Beijing at the summit on excess capacity in China's giant state-backed steel industry. The remarks also point to the rising awareness among leaders of advanced economies that support for global trade and financial integration cannot be taken as a given.


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