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Mr Zong Qinghou and Paul Sen, the US Finance Minister


¡¡¡¡Zong Qinghou, general manager of WAHAHA group, and other 12 Chinese entrepreneurs were invited to the meeting. Paul Sen said, ¡°It is most efficient way to talk around a table. ¡±

¡¡¡¡Paul Sen was most concerned how Chinese entrepreneurs see the exchange rate of RMB and listened to their opinions attentively. ¡¡Mr. Zong uttered his statement: Chinese government has been working hard for the matter of exchange rate and we hope American government would be more patient. Things cannot be done in one instant. To Paul Sen, he also said that Chinese people are friendly to the U.S., and recognize America¡¯s economic status. However, this cannot be excuse for America to press on us!
Zhejiang province tops the list of private economy in Chinese inner land, occupying more than 70% of the total economic volume. Paul Sen expressed his optimism and belief in Zhejiang private economy to make new breakthrough in the interchanges between two countries.

¡¡¡¡Paul Sen was nominated by President Bush on June 19th, and was sworn in as Finance Minister on July 10th. Before that, he has been the chairman and CEO of Gao Sheng group, and has been to China for several times. He¡¯ll stay in China for 4 days this time.