Paulson Downplays China’s New Infrastructure Bank

(original source WSJ)

Politicians rarely agree, let alone three U.S. Treasury Secretaries.

Former U.S. Treasury Secretary Hank Paulson played down the significance of China’s new Asian Infrastructure Investment Bank during a talk in London, saying that it’s not a “cataclysmic event” for U.S. power in the world.

“This is not some huge watershed event that marks some turning point for China and the downfall of the west,” Mr. Paulson said Monday at the London School of Economics, where he discussed his new book, “Dealing With China: An Insider Unmasks the New Economic Superpower.”

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