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I Heart Henry Paulson. China Is His Thing.

By Dan Harris and Steve Dickinson

Not for anything he has said or done on the bailout, on which even those of us who agree it was necessary cannot truly be happy about. No, I like him for his opinions on what the United States must do in terms of its relations with China. Paulson just came out with a very thoughtful piece in Foreign Affairs Magazine, entitled, "A Strategic Economic Engagement: Strengthening U.S.-Chinese Ties." The summary nicely summarizes the article as follows: "The prosperity of the United States and China depends on helping China further integrate into the global economic system." (h/t to The Black China Hand) Paulson says that no matter how one views China, engagement is the best policy:

Some people suggest that China is a threat that must be countered or contained. Others argue that its growth is an opportunity for the U.S. economy and that Washington should manage this rising power through engagement. I believe that engagement is the only path to success.

This is the kind of article that can and should change minds.

Full post as published by China Law Blog on October 05, 2008 (boomark / email).