DETROIT (AP) — Former U.S. Treasury Secretary Henry Paulson tells business leaders in Detroit that China is turning the tables by becoming a big investor in the U.S. economy.
Paulson joined Michigan Gov. Rick Snyder in addressing the Detroit Economic Club on Monday. The meeting was at Ford Field, home of the Detroit Lions.
Paulson says China once was mainly a recipient of investors’ money but now is putting its capital to work in many places, including the U.S.
Snyder says it’s important for international trade to work in such a way that “everybody wins.”
Paulson was treasury secretary in 2006-09. He’s chair of The Paulson Institute, a non-partisan institution working to advance global environmental protection and sustainable economic growth in the U.S. and China.
(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)