Obama urges China to address industrial excess capacity: White House

President Barack Obama addresses the Congressional Black Caucus Foundation's 46th annual Legislative Conference Phoenix Awards Dinner

UNITED NATIONS (Reuters) – U.S. President Barack Obama met Chinese Premier Li Keqiang on Monday and urged China to accelerate efforts to address the problem of industrial excess capacity, the White House said.

In a meeting on the sidelines of the United Nations General Assembly in New York, Obama also urged Beijing to establish a level playing field to allow all firms to compete fairly in China, a White House statement said.

(Reporting by Jeff Mason, David Brunnstrom and Arshad Mohammed; Editing by Bill Rigby)