Asia Pacific Interview: Hank Paulson on dealing with China and Xi Jinping

Is China going to beat the US at its own game of capitalism? And is China the enemy of the US and the West? The former US Treasury Secretary argues both against over-estimating China the idea that conflict with the US is inevitable. 

Melanie Stetson Freeman/The Christian Science Monitor/File

Henry Paulson’s ties to China date back 25 years and span more than 100 visits. As chairman of Goldman Sachs and as US Treasury Secretary during the George W. Bush administration, his contacts and relations with Chinese officials and leaders grew wide and deep. In 2006 he went out of his way to meet a relatively unknown provincial leader named Xi Jinping, now China’s president. Mr. Paulson's approach to the Middle Kingdom has been described as "engagement without illusions."