IF YOU WANT to understand the commercial relationship between America and China, it is worth tracking the paths of two powerful people who have dedicated their careers to it: Henry Paulson, a tough-as-nails former head of Goldman Sachs and former American treasury secretary, and Wang Qishan, a well-read banker and bureaucrat who is China's vice-president. Since the 1990s they have worked together, episodically, on reforming state-owned enterprises (soes), boosting trade and fighting the 2007-08 financial crisis. Now they are trying to bridge a deep divide.
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