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U.S. Treasury Secretary Jack Lew said in an interview with Reuters on Friday that there would be "very bad consequences" for China's economy if the country does not open its markets and rebalance its economy.
Frankly, if China takes a time-out or a step back on the reform agenda, that will have very bad consequences for China's economy and it will flow over and not be good in terms of our bilateral economic relations," he said.
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