From The National Interest:
A perfect storm is brewing in the U.S.-Chinese trade relationship, and Beijing is hoping that Secretary of the Treasury Hank Paulson is the helmsman who can steer the relationship into a safe harbor.
Paulson is highly respected in China. His much publicized “73 trips” earn him “old friend” status, as well as recognition that he “appreciated” the importance of China long before others. He just returned from a three-day trip to China, where he was received by his counterpart, Vice Premier Wu Yi, as well as President Hu Jintao. His access to the senior-most leader, in addition to the most important financial executives, such as Minister of the National Reform Commission Ma Kai, indicate how concerned China is about getting the financial relationship with the U.S. on track. [Full Text]
Drew Thompson is the Director of China Studies and Starr Senior Fellow at The Nixon Center.
