» Views  After 4 decades, a new US-China consensus needed
Publication Date : 19-07-2012   From the time then United States
president Richard Nixon made his historic trip to China in 1972,
US policymakers have held the broad view that China's success
would be good for the US.  But four decades later, this
longstanding consensus underpinning close economic ties is
fraying, said former US treasury secretary Henry Paulson. He
said the next American president should undertake policy reforms
to build a new consensus, one that takes into account the
current realities of US-China economic relations.  Paulson, who
served president George W. Bush in his second term and was a
leader in the Sino-US strategic economic dialogue, presented his
ideas for renewing US-China economic ties at the Atlantic
Council, a Washington think-tank, on Tuesday.  Fresh from a
visit to China where he met officials and business leaders,
Paulson also spoke on the state of the Chinese economy, and
election year politics in both the US and Chin