US treasury sec speaking at Davos

  • real question is whether China will stick to reform agenda
  • 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

They're trying Jack, but finding it awfully hard to let go.

  • Europe is doing better partly because of cheaper oil
  • US consumers helped by lower oil amid international headwinds

US Treasury Sec Lew - Taking his turn to have a pop at China