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《Dealing with China – An Insider Unmasks the New Economic Superpower》

简介 Intro

<Dealing with China: An Insider Unmasks the New Economic Superpower>—— Henry M. Paulson Jr.

DEALING WITH CHINA takes the reader behind closed doors to witness the creation and evolution of China\’s state-controlled capitalism.

Written in the same anecdote-rich, page-turning style as Paulson\’s bestselling memoir, On the Brink , DEALING WITH CHINA is certain to become the classic and definitive examination of engaging an economic superpower.

Hank Paulson has dealt with China unlike any other foreigner. As head of Goldman Sachs, Paulson had a pivotal role in opening up China to private enterprise. Then, as Treasury secretary, he created the Strategic Economic Dialogue with what is now the world\’s second-largest economy. While negotiating with China on economic reforms, he safeguarded the teetering U.S. financial system. Paulson has worked with scores of top Chinese leaders, including Xi Jinping, China\’s most powerful man in decades. Now, in DEALING WITH CHINA, he takes readers behind closed doors to witness the future of China\’s state-controlled capitalism.

关键词：与中国打交道：美国前财长鲍尔森的二十年内幕观察;

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读者评论 Readers\’ Comments

As a Chinese, I feel it should be renamed to \”Dealing with Chinese Officials\”.

Finally finished this book on my Kindle. Mr. Paulson has written this great book on his years of dealing with China on various capacities. Fascinating stories and details about Chinese politicians and businessmen. A must-read if you want to understand current China and the state of U.S.-China relations.

Although there are a lot of unnecessary paragraphs and too much elaboration on not-so-important characters/figures, I found this is a pretty good book to understand many things about China: How did they evolve and become a superpower country; how things get done within their socialist market economy; what kind of changes that they had to make in order to increase prosperity; and many more.

Insightful sharing by Paulson, especially on some of the anecdotes of what\’s going on behind the scene. Given the recent diplomatic fiasco in Anchorage, Alaska, perhaps US government should make their diplomats in China to read this book in advance. A few key nuggets from the book, which seemed to be obvious, but were pretty much ignored by Trump and his advisors. Hopefully Biden has learned the lessons.

作者 Author

Henry M. Paulson Jr.

Henry Merritt \”Hank\” Paulson, Jr. (born March 28, 1946) is an American banker who served as the 74th United States Secretary of the Treasury. He had served as the Chairman and Chief Executive Officer of Goldman Sachs, and is now chairman of the Paulson Institute, which he founded in 2011 to promote sustainable economic growth and a cleaner environment around the world, with an initial focus on the United States and China.

Paulson was born in Palm Beach, Florida, to Marianna (née Gallauer) and Henry Merritt Paulson, a wholesale jeweler. A star athlete at Barrington High School, Paulson was a champion wrestler and stand-out football player, grasrcating in 1964. Paulson received his A.B. in English from Dartmouth College in 1968; at Dartmouth he was a member of Phi Beta Kappa and Sigma Alpha Epsilon and he was an All-Ivy, All-East, and honorable mention All American as an offensive lineman. Paulson received his Master of Business Administration degree from Harvard Business School in 1970.

He met his wife, Wendy Judge, a Wellesley College grasrcate, srcring his senior year. The couple have two asrclt children, sports-team owner Henry Merritt Paulson III, more commonly known as Merritt Paulson, and journalist Amanda Paulson. The Paulsons became grandparents in June 2007. They maintain homes in both Barrington Hills and Chicago.

Paulson was Staff Assistant to the Assistant Secretary of Defense at The Pentagon from 1970 to 1972. He then worked for the administration of U.S. President Richard Nixon, serving as assistant to John Ehrlichman from 1972 to 1973.

He joined Goldman Sachs in 1974, working in the firm\’s Chicago office under James P. Gorter, covering large insrcstrial companies in the Midwest. He became a partner in 1982. From 1983 until 1988, Paulson led the Investment Banking group for the Midwest Region, and became managing partner of the Chicago office in 1988. From 1990 to November 1994, he was co-head of Investment Banking, then Chief Operating Officer from December 1994 to June 1998, eventually succeeding Jon Corzine as chief executive. His compensation package, according to reports, was $37 million in 2005, and $16.4 million projected for 2006. His net worth has been estimated at over $700 million.

Paulson was nominated on May 30, 2006, by U.S. President George W. Bush to succeed John Snow as the Treasury Secretary. On June 28, 2006, he was confirmed by the United States Senate to serve in the position. Paulson was sworn in at a ceremony held at the Treasury Department on the morning of July 10, 2006.

Paulson identified the wide gap between the richest and poorest Americans as an issue on his list of the country\’s four major long-term economic issues to be addressed, highlighting the issue in one of his first public appearances as Secretary of Treasury. Paulson conceded that chances were slim for agreeing on a method to reform Social Security financing, but said he would keep trying to find bipartisan support for it. He also helped to create the Hope Now Alliance to help struggling homeowners srcring the subprime mortgage crisis.

After leaving his role as Treasury Secretary, Paulson spent a year at the Paul H. Nitze School of Advanced International Studies at Johns Hopkins University as a distinguished visiting fellow, and a fellow at the university\’s Bernard Schwartz Forum on Constructive Capitalism. His memoir, On the Brink Inside the Race to Stop the Collapse of the Global Financial System, was published by Hachette Book Group on February 1, 2010.

On June 27, 2011, Paulson announced the formation of the Paulson Institute, an independent center located at the University of Chicago, dedicated to fostering international engagement to address issues of global scope, with particular emphasis on cooperation between the United States and China. Paulson was also named as a senior fellow at the University of Chicago\’s Harris School of Public Policy.

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