Treasury Secretary Henry M. Paulson Jr. has taken the leading role in shaping economic policy apropos of mortgage and credit markets, and the replacement of Hubbard could strengthen the clout of Bush administration for the rest 14 months until January 20, 2009. Keith Hennessey has been with Bush administration since 2002 and he knows political economy as a remarkably talented insider with insights.
EU officials said they were reassured that China would take steps to ease trade imbalances and open China's markets.
US can compete with EU under economic policy of trade and related matters under the leadership of Paulson. He is going to China on December 12, 2007. Let us wait and see the results in the days to come. Francis Shieh a.k.a. Xie Shihao. November 30, 2007 at 6.38 a.m.
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