Ex-Treasury Chief Paulson Sees China Impasse Ending in Win-Win
- China ‘prepared to have some concrete market openings’
- Former Treasury chief spoke amid growing tensions with Beijing
This article is for subscribers only.
Trade tensions between the U.S. and China are likely to subside, as Beijing increasingly recognizes the need to open its economy to global competition, former U.S. Treasury Secretary Henry Paulson said Thursday.
“The Chinese are prepared to have some concrete market openings, structural reforms and other steps that, particularly if they could accelerate the timeline a bit, would be a win for both countries,” he said at a China Institute executive summit in New York. “And that’s where this current tariff impasse should end, and I actually think will end.”