Treasury's Lew: China pause on reforms would have 'very bad consequences'

By David Lawder SEOUL (Reuters) - U.S. Treasury Secretary Jack Lew said on Friday China would see "very bad consequences" for its economy and bilateral U.S. relations if it backs away from its stated goals to open its markets and rebalance its economy toward consumer-led growth. Lew, in an interview with Reuters in Seoul, said he would "keep the pressure" on Chinese officials during talks in Beijing next week to stick to their reform commitments and execute pledges to reduce excess industrial ca