China’s Ministry of Human Resources and Social Security says it will implement policies to help labor-intensive enterprises and small- and medium-sized enterprises (SMEs) weather the global financial crisis.

US Treasury Secretary Henry Paulson on Tuesday praised China's cooperation in taming global financial turmoil and urged the next US president to continue an active economic dialogue with Beijing. In his first major speech on China in two months, Paulson said he has held useful and constructive discussions with Chinese Vice Premier Wang Qishan on the turmoil rocking global markets.