Paulson Pledges Robust Engagement With China

By: Associated Press
By: Associated Press

WASHINGTON (AP) - Treasury Secretary Henry Paulson says the
administration intends to keep pursuing a policy of "robust
engagement" with China that will include filing unfair trade cases
as needed and pressuring the Chinese to move more quickly to
revalue their currency.
Paulson, delivering a speech outlining the goals of a high-level
meeting the two countries will hold next week, said it was
important for both nations to resist calls for erecting
protectionist barriers.
"It is clear that our strategy for robust engagement with China
- intensive dialogue but with resort to WTO dispute settlement and
WTO-sanctioned trade remedies if needed - is more productive than
protectionist policies or legislation," Paulson said in his
prepared remarks.

(Copyright 2008 by The Associated Press. All Rights Reserved.)


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