Paulson on China

None of us could ever love Henry Paulson as much as he loves himself.  I came to this conclusion early while reading his book Dealing with China.  That being said it's a really good read, and I recommend it for anyone interested in either Chinese or US politics.  For me, the most interesting thing about the book was Paulson dancing around the subsequent histories of some of the people he dealt with in China.  Gao Yan, Bo Xilai, and Zhou Yongkank all feature in the book.

Where in the world is Gao Yan?

Gao Yan - One of the PRC's most famous and wanted fugitives.  He fled the country with millions of dollars earmarked for power projects in 2002.  His location is still a mystery.  Paulson met with him shortly after the terrorist attacks of 9/11 and says that he was not apologetic and showed no sympathy for America's loss.  He took time in his book to highlight his personal dislike of Gao.

I found this very short section of the book fascinating.  Gao Yan worked for the State Grid Corporation of China, the mysterious and very politically powerful state power company.  Little is known about the inner working of this State Owned Enterprise (SOE).  Many of the nation's most important princelings spend part of their careers there, including the daughter of Li Peng who was implicated in the Panama Papers earlier this year.

Just like an episode of House of Cards

Bo Xilai - Paulson mentions Bo's larger than life persona.  The book also contains an aside about Bo's downfall and the earthshaking scandal that shook the Communist Party of China to its core.  The scandal surrounding his downfall contains many larger-than-life details, including his wife murdering a British businessman by poisoning him.  Supposedly the British businessman, Neil Heywood, served as the Bo family's "white glove", helping the family move illicit money out of China.  Some also speculate that he had a relationship with Bo's wife, dubbed the Chinese lady Macbeth.

Zhou Yongkang was famously
denied hair dye in prison

Zhou Yongkang - Zhou remains the largest "tiger" snared in President Xi Jinping's anti-corruption crackdown.  He was arrested a little less than a year before the book's release and convicted a few month's after its release.  Paulson doesn't have much to say about Zhou's character.  Interesting considering that the two probably had a ton of interaction and a relationship going back over two decades.  Paulson even arranged a meeting between Zhou and then-President George H. W. Bush.  It's likely that Paulson doesn't touch on Zhou's character or their personal friendship because Paulson knew he wouldn't be doing the disgraced CPC politician any favors.  Paulson also probably didn't want to link himself too tightly to someone who is rumored to have arranged the murder of his first wife and who has become the scapegoat for China's forced organ harvesting of prisoners of consciousness.

What Paulson doesn't say about these three rouges tells us just as much as what he does say.  His book is good and no one would dispute the fact that "Hank" is one of the smartest and greatest businessman of his generation.  Just be prepared to be constantly reminded of his environmentalism and altruism.  Basically, the only problem this book had is the same problem most autobiographies suffer from which can be summed up in one phrase: "I was right"