{"id":1524,"date":"2015-08-05T13:30:00","date_gmt":"2015-08-05T13:30:00","guid":{"rendered":"http:\/\/www.department99.com\/bobamter\/?p=1524"},"modified":"2015-08-05T18:59:20","modified_gmt":"2015-08-05T18:59:20","slug":"henry-paulsons-book-dealing-with-china","status":"publish","type":"post","link":"https:\/\/bobamter.com\/?p=1524","title":{"rendered":"Henry Paulson’s Book: \u201cDealing with China\u201d"},"content":{"rendered":"

Henry Paulson, Jr.<\/a> has a new book titled \u201cDealing with China\u201d<\/em><\/a>. Is this a practical treatise on working with\u00a0China?<\/p>\n

Seventeen of the book\u2019s twenty chapters are detailed descriptions\u00a0of Mr. Paulson\u2019s own personal history while working with Goldman Sachs, as US Treasury Secretary and with the Paulson Institute. It is an\u00a0interesting personal story. However, the autobiographical review is not truly helpful for dealings with China.<\/p>\n

A Wall Street Journal book review by Jeffrey Wasserstrom<\/a> is quite accurate:
\n\u201c\u2026careful language\u00a0that will not bother Chinese censors\u2026Mr. Paulson is too soft on his \u201cold\u00a0friends,\u201d including the man now in power, Xi Jinping.\u201d<\/em><\/p>\n

The Financial Times review by James Kynge<\/a> is on target as well:
\n\u201c\u2026Paulson\u2019s prescriptions all\u00a0tend toward forging better relations with China by supporting what China wants\u2026may\u00a0win friends in Beijing but will\u00a0be less popular among U.S.\u00a0allies\u2026such as Japan…the lessons\u2026are\u2026academic.\u201d<\/em><\/p>\n

These reactions are entirely understandable, leaving the reader to wonder what is clouding Mr. Paulson’s vision. His assessment of China consistently glosses over reality. While addressing the needs of the Chinese people, Mr. Paulson curiously\u00a0concludes: \u201c\u2026they have made good on their vows.\u201d<\/em> Throughout this book, Paulson is clearly advocating on China’s behalf. He encourages a greater role for China internationally, including with\u00a0the World Trade Organization. Paulson suggests: \u201cWe should\u2026 make concessions\u2026 to\u00a0encourage China to take a more\u00a0prominent role.\u201d<\/em><\/p>\n

In a Fox News\u2019 interview with James Rosen<\/a> discussing his book Mr. Paulson offered: \u201cI would\u00a0definitely\u00a0not classify China as an enemy\u2026they are a competitor.\u201d<\/em><\/p>\n

The FBI report in Matt Dean\u2019s recent Fox News\u2019 article<\/a> raises doubt that China is simply a competitor: \u201cChina the most predominant economic espionage threat to US\u2026the number of economic espionage investigations undertaken by the agency over the last year\u2026a 53 percent increase\u2026state-sanctioned corporate theft by China is at the core of the problem.\u201d<\/em><\/p>\n

Are China\u2019s strategic ambitions hostile? Jingoistic? Its territorial claims as reported by the BBC\u2019s Carrie Gracie<\/a> and in the Financial Times book review<\/a> have raised concerns in Taiwan and Japan.<\/p>\n

Mr. Paulson is a successful and serious man. He is certainly not na\u00efve. But his glowing praise of China\u2019s economic and social progress, including suggesting a leading international role, raises sincere questions about\u00a0his impartiality. This book was unfortunately a disappointment for those seeking constructive analytical insight.<\/p>\nTweet<\/a>","protected":false},"excerpt":{"rendered":"

Henry Paulson, Jr. has a new book titled \u201cDealing with China\u201d. Is this a practical treatise on working with\u00a0China? Seventeen of the book\u2019s twenty chapters are detailed descriptions\u00a0of Mr. Paulson\u2019s own personal history while working with Goldman Sachs, as US Treasury Secretary and with the Paulson Institute. It is an\u00a0interesting personal story. However, the autobiographical […]<\/p>\n","protected":false},"author":1,"featured_media":1526,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[220,1],"tags":[171,176,208,175,18,222,70,221,196],"class_list":["post-1524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dealing-with-china-by-henry-paulson","category-uncategorized","tag-bbc","tag-china-debt-crisis","tag-china-economy","tag-china-growth","tag-china-world-leader-in-manufacturing","tag-dealing-with-china","tag-financial-times","tag-henry-paulson","tag-wall-street-journal"],"_links":{"self":[{"href":"https:\/\/bobamter.com\/index.php?rest_route=\/wp\/v2\/posts\/1524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bobamter.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bobamter.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bobamter.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bobamter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1524"}],"version-history":[{"count":3,"href":"https:\/\/bobamter.com\/index.php?rest_route=\/wp\/v2\/posts\/1524\/revisions"}],"predecessor-version":[{"id":1528,"href":"https:\/\/bobamter.com\/index.php?rest_route=\/wp\/v2\/posts\/1524\/revisions\/1528"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bobamter.com\/index.php?rest_route=\/wp\/v2\/media\/1526"}],"wp:attachment":[{"href":"https:\/\/bobamter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bobamter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bobamter.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}