Paulson stresses dialogue with China

The US and China should continue to seek a mutual understanding to strengthen the nations' relationship and the next US Administration needs to continue to engage in dialogue with China, US Treasury Secretary Henry Paulson has said.

"One of the first challenges the next US president will face will be how to respond to China's emergence as a global power," Paulson said in an article in the upcoming issue of Foreign Affairs magazine. "I believe that engagement is the only path to success."

In the article, Paulson said that the worries held by some Americans regarding China's economic development were wrong, and China's stable development was good for both countries.