Paulson: Engagement works, can yield results

WASHINGTON: The cooperation with China through the Strategic Economic Dialogue (SED) has yielded many results, US Treasury Secretary Henry Paulson has said.

"We have learned that engagement works, and can help achieve meaningful and tangible results, which would otherwise not have been possible," Paulson told a Washington forum before the fifth SED, which starts in Beijing today.

"Engagement has helped us manage the current financial market crisis," Paulson said. Governments around the world have engaged directly and responded with actions to restore stability.