US tries to build support for China reform – FT

From Financial Times:

Hank Paulson, the new US Treasury secretary, heads to China on Tuesday to make common cause with the country’s economic reformers, who are on the defensive after sustained attacks on market economics and foreign investment.

Mr will open his trip with an unusual gesture when he visits Xi Jinping, the party secretary of fast-growing Zhejiang province, a rising star associated with the technocratic wing of China’s Communist party, in Hangzhou.

On Monday night in Singapore, he dined alone with Zhou Xiaochuan, governor of the People’s Bank of China, who has been at the forefront of market reforms and, as a result, the focus of many attacks. [Full Text (sub. req’d)]


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