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| Paulson Meets With Wu Yi | | U.S. Treasury Secretary Henry Paulson (L) shakes hands with China's Vice Premier Wu Yi at Zhongnanhai in Beijing July 31, 2007. China will never constitute an economic threat to any nation nor does it have the power to be, Vice-Premier Wu Yi told Henry Paulson, adding that the US should improve its understanding of China's entire economic situation as well as the challenges facing this nation. Earlier, the Treasury refused to name China as a currency manipulator in its semiannual report to Congress. "I will not say anything other than restate the Treasury's view that legislation is not the proper way to proceed and deal with the currency issue," Paulson told Xinhua. (Xinhua) |
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