US to seek demand growth, press China for clarity at G20

US Treasury Secretary Jacob Lew, pictured here on Capitol Hill on July 28, 2015, will focus on measures countries can undertake to stimulate demand when the G20 economies meet in Ankara, TurkeyThe US will press fellow G20 economies this week to act to boost world growth, and urge China to better communicate its policies, a senior Treasury official said Tuesday. The official said Treasury Secretary Jacob Lew’s focus will be on measures countries can undertake to stimulate demand when the economic chiefs of the Group of 20 elite economies meet on Thursday and Friday in Ankara, Turkey. “Concerns over economic momentum particularly in China have weighed on commodities and markets generally,” the official said.

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