Hao Hao ReportThe best China news and blog posts

"The prosperity of the United States and China depends on helping China further integrate into the global economic system," says Henry M. Paulson, Jr. ,U.S. Secretary of the Treasury. He has made many enemies in the last 2 weeks with his controversial plan to take 700 billion more dollars from U.S. taxpayers to bail out banks, investment firms, and mortgage companies. But he is right on one thing, U.S.-Sino relations.