Slower China growth shouldn't be a surprise – USA’s Jack Lew

FXStreet (Mumbai) - US Treasury Secretary Jack Lew, while speaking in Davos, tried to calm market nerves by stating that the slower China growth should not be a surprise since the country is on a long and difficult transition path.

Key Quotes

Slower China growth shouldn't be a surprise

Global economy faces a lot of headwinds

China should move to a more market-determined fx rate

Europe is doing better partly because of cheaper oil

US consumers helped by lower oil amid international headwinds