Treasury Chief Paulson Makes 3rd Trip to China, Aims at Financial Reforms
Here is some highlights from the AP article:
The administration is trying to convince the Chinese to open their financial markets to greater participation by U.S. companies as a way to strengthen the Chinese financial system by introducing American expertise and greater competition.
The U.S. trade deficit with China hit a record $232.5 billion last year, prompting more calls by democrats in Congress for the administration to do more to deal with the soaring imbalance.
See the whole thing here.
If we slow down our buying from them we won’t have this problem.
