Premier Li Keqiang's comments to Lew today were in line with a joint declaration by financial officials from the 20 biggest rich and developing economies who met over the weekend in Shanghai. They pledged to avoid devaluations to boost sagging trade and urged governments to speed up reforms to boost slowing global growth.
A deputy Chinese finance minister, Zhu Guangyao, said Li briefed Lew on the status of reforms aimed at reducing excess production capacity that is a drag on the economy.