BOAO, Hainan - To seek common interests through frequent dialogues and contacts while shelving differences is critical to settling trade disputes, former US Treasury Secretary Henry Paulson said Saturday.
Paulson made the remarks in a meeting with Long Yongtu, secretary-general of the Boao Forum for Asia (BFA), in Boao in south China's island province of Hainan.
In this aspect, the US-China Strategic and Economic Dialogue is very important for the two countries to settle trade disputes on the basis of common interests, he said.
It is in China's interests to increase the flexibility of its currency's exchange rate because for government it is an effective policy tool to tame inflation, he said.
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