New Economy Forum

Paulson Warns of ‘Economic Iron Curtain’ Between U.S., China

Paulson Says China Needs to Open Economy, U.S. Should Dial Down Rhetoric
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Former U.S. Treasury Secretary Hank Paulson warned of an “Economic Iron Curtain” dividing the world if the U.S. and China fail to resolve strategic differences.

Paulson explained his reasons for the current conflict and shared a path forward to avoid a “long winter” between the world’s biggest economies in the text of a speech delivered at Bloomberg’s New Economy Forum in Singapore on Wednesday. The New Economy Forum is being organized by Bloomberg Media Group, a division of Bloomberg LP, the parent company of Bloomberg News.