Henry M. Paulson Jr. has spent much of his career working with leaders in China to reform China’s unique economic system. As CEO of Goldman Sachs, he helped corporatize elements of the state-run economy. As U.S. Treasury secretary, he worked to resolve economic differences with China. Now, as head of the Paulson Institute, he continues to lend his expertise to improve China’s economic system. In Dealing with China, Paulson recounts his history of unprecedented access to China, offering insights to the system’s strengths and weaknesses, and the possible future of this economic superpower.
The author believes that:
- China continues to undergo tremendous changes due to the economic reforms started by Deng Xiaoping.
- Political and business success in China hinges on building strong relationships and identifying issues of common interest.
- Financial reform remains a vital step for China. Additional reforms of its economic system are required for it to fully participate in the global markets.
- Despite instituting reform, China retains its Party hold on citizens’ lives.
- The urbanization of China has resulted in numerous and serious environmental concerns.
- China and the United States must work together to solve issues in a mutually beneficial way.
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