US Treasury Secretary upset over China probes

U.S. Treasury Secretary Jack Lew sent a letter to Chinese Vice Premier Wang Yang stating that China’s recent targeting of foreign companies in its implementation of a 2008 anti-monopoly law could negatively impact U.S.-China relations, Reuters reported, citing the The Wall Street Journal. At least 30 foreign firms, including U.S. companies such as Microsoft (MSFT.NYSE) and chip maker Qualcomm (QCOM.NYSE) have come under scrutiny as China seeks to enforce an anti-monopoly law that some critics say is being used to unfairly target foreign firms. Neither the U.S. Treasury nor members of the Chinese cabinet responded for comment.