Paulson: Stability in global trade will benefit all

Former US treasury secretary Henry Paulson said China and the United States, the two biggest economies, should not let trade tensions get out of hand because of their shared stake in global stability.

Tensions won't benefit anyone, while the two countries will reap greater benefits if they can agree on big issues, said Paulson, chairman of the Washington-based Paulson Institute, a think tank.

Paulson, often regarded as a go-between for Beijing and Washington thanks to his long experience with China, said easing tension takes time. He covered a range of issues related to Sino-US relations on Wednesday in an interview with China Daily.