China faces 'enormous challenges': Paulson
May 11, 2015 at 10:08 AM EDT
China's economy faces "enormous challenges," former U.S. "They have an economic model that's run out of steam, that they very much need significant reforms and at least as big a mistake could be made exaggerating China's strength as underestimating its potential," he warned. Still, China's annual growth rate is still an enviable 7 percent, according to the latest...