U.S. Democrats have asked the Trump administration to press China to curb "structural overproduction", essentially overhauling Beijing's economic model, as Treasury Secretary Scott Bessent holds talks with Chinese officials in Spain. Democratic members of a House of Representatives committee on China said any bilateral trade deal should include "binding requirements" on Beijing to reduce industrial overcapacity, according to a letter they sent to Bessent and other top trade officials on Friday and seen by Reuters.