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25 April 2015

Xi Jinping’s Problems Are ‘Monumental’

APRIL 16, 2015 

“This is a China where you can make at least as big a mistake exaggerating their strengths as you can in underestimating their potential.” On April 10, I spoke with Henry Paulson about his new book,Dealing With China: An Insider Unmasks the New Economic Superpower, released April 14. The former investment banker and U.S. treasury secretary told me that he wrote it because “I believe very strongly that this U.S.-China relationship is as important as any bilateral relationship we have in the world. And it’s becoming more difficult and more complex because we are dealing with a new China,” one that Paulson said “is much more assertive on the international stage.” But Americans continue to worry about a country that looks fearsome from the outside, yet is keenly aware of its challenges and limitations on the inside. “It’s important,” Paulson told me, “that we recalibrate this relationship.”

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