Paulson/China Paulson trips in China

Hank Paulson moved from Goldman Sachs to the US Treasury with the clear goal of reforming the Chinese economy. Given Paulson’s 70-plus trips to China as a banker, his depth and breadth of relationships at the highest levels, and China’s enormous trade imbalance with the US, the promise of reform was in the air. But Paulson returned from his first official trip to Beijing empty-handed. Though treated like royalty, he could not convert Chinese affection and respect for him into tangible progress ...