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U.S. Treasury Secretary Henry Paulson said Thursday that SED (Strategic Economic Dialogue) helps the United States and China to make progress on fundamental long-term structural economic issues, as well as on very pressing short-term issues.

Paulson Says China Needs to Quicken Reforms of Financial
U.S. Treasury Secretary Henry Paulson said here Thursday that China had made strides in reforming its financial sector but needed to accelerate the process.

Paulson Hails China's Financial Development but Pushes for More Opening-up
US Treasury Secretary Henry Paulson has acknowledged China's efforts in reforming its financial markets during a speech in Shanghai. He also described the difference between the two countries on economic reforms as one over pace of change, not over the direction of change. Our Shanghai correspondent Chen Simeng reports.

The Biography of Henry Paulson

Henry "Hank" Merritt Paulson, Jr. is the United States Treasury Secretary. He previously served as the Chairman and Chief Executive Officer of Goldman Sachs, a large investment bank.