STOCK MARKET WATCH -- Monday, 15 September 2014

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16. Treasury's Lew Warns China On Antitrust Probes Of Foreign Firms

http://www.businessinsider.com/r-treasurys-lew-warned-china-on-antitrust-probes-of-foreign-firms-wsj--2014-9

WASHINGTON (Reuters) - U.S. Treasury Secretary Jack Lew has written to the Chinese government warning that a recent spate of antitrust investigations against foreign companies could have serious implications for U.S.-China relations, the Wall Street Journal reported on Sunday.
The newspaper said Lew sent a letter to Chinese Vice Premier Wang Yang and said that China's recent focus on foreign companies could devalue foreign intellectual property, citing people briefed on the contents of the letter.

The paper said the letter was sent in recent days. Representatives of the Chinese cabinet did not respond to requests for comment, the WSJ reported.

The U.S. Treasury declined comment when asked to confirm the report. “We regularly correspond with our international counterparts on a variety of issues,” a Treasury official said earlier.



Read more: http://www.businessinsider.com/r-treasurys-lew-warned-china-on-antitrust-probes-of-foreign-firms-wsj--2014-9#ixzz3DNUJSbLb