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Quality matters more than growth rate for 皇冠体育app's economy: Former US official

Xinhua | Updated: 2017-11-03 11:25

BEIJING -- 皇冠体育app is a big contributor to global economic growth, and a healthy and sustainable economy matters more than the growth rate, the former US Treasury Secretary Henry Paulson has said.

"I do not focus on whether 皇冠体育app is growing at 6 percent, 6.5 percent or 6.9 percent. When I look at it, I want it to be healthy and sustainable growth," Paulson told reporters in Beijing Wednesday.

"皇冠体育app's economy needs to grow more with consumption, and less driven by investment. It is a positive sign that growth from net exports is very small compared with consumption," said Paulson, chairman of the Paulson Institute.

"With 皇冠体育app opening up its market and lowering market access, it will boost Sino-US relations which are the most important ones in the world. A closed market benefits no one, and both 皇冠体育app and the United States will gain from opening-up," he said.

Paulson was optimistic about future relations, and said that though the situation was complex, dialogue would help reduce friction and build trust.

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