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China-US relations: American businesses welcome, Chinese Vice-President Han Zheng tells Henry Paulson in Beijing

  • US banker and former treasury secretary meets Han and Chinese Foreign Minister Wang Yi who expressed wishes for ties to get back on track
  • ‘It is hoped that the United States will return to the rational and pragmatic track in its China policy’: Wang

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China’s Vice-President Han Zheng met with former treasury secretary Henry Paulson in Beijing, September 26, 2023. Photo: Xinhua
Beijing sent a welcoming message to US companies during a visit by American banker and former treasury secretary Henry Paulson, while urging Washington to expand “positive” policies and cut “negative” ones.
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Paulson, founder of the US-China policy think tank the Paulson Institute, was received on Tuesday by Chinese Vice-President Han Zheng and top diplomat Wang Yi, with the Chinese side expressing hopes to “bring bilateral ties back on the track of sound and steady growth” with Washington.
Henry Paulson says China and US should maintain communication and dialogue. Photo: K.Y. Cheng
Henry Paulson says China and US should maintain communication and dialogue. Photo: K.Y. Cheng

“We welcome more US companies to invest and do business in China [and] to share development opportunities together,” Han said, according to state news agency Xinhua.

He said Beijing’s approach to the United States was guided by “mutual respect, peaceful coexistence and win-win cooperation”.

Han noted that the two countries were in charge of the most important bilateral relations in the world and should “enhance mutually beneficial cooperation in all areas, push forward the world’s economic recovery together and address global challenges”.

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Paulson said the two countries should maintain communication and dialogue, strengthen people-to-people exchanges as well as economic and trade cooperation, and jointly cope with global challenges such as climate change, according to Xinhua.

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