Will Treasury Secretary Lew get tough on China?
Chinese President Xi Jinping (R) meets with U.S. Secretary of Treasury Jacob Lew during his visit to the Great Hall of the People on March 19, 2013 in Beijing, China.
U.S. Treasury Secretary Jack Lew is in Beijing this morning wrapping up his two-day visit to China. It's his first foreign trip in his new role and the first high-level talks between the U.S. and China in six months.
Like treasury secretaries before him, Lew is urging China's leaders to allow its currency to appreciate. But a more important item on his agenda -- and a trickier one -- is intellectual property theft. Lew is confronting China's officials about allegations its military hacked top U.S. companies.
Marketplace China bureau chief Rob Schmitz joins Morning Report host Jeremy Hobson to explain how Secretary Lew compares to his predecessors and why some expect him to be tougher on China.