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CHICAGO, Sept 14: US Treasury Secretary Henry Paulson said on Friday he was “impatient with the pace of change in China” but warned Congress that trade sanctions could backfire.
“Legislation that would impose unilateral, punitive trade sanctions isn’t the answer,” Paulson said in Chicago while visiting Atlas Material Testing Technology, a small manufacturing firm.
Paulson termed the US economy “healthy” with unemployment low and real wages rising. He called the global economy “the strongest ... I’ve seen in my business lifetime.” —Reuters
