FLASHBACK: Paulson: Hot on India, cool on China | WHAT REALLY HAPPENED


FLASHBACK: Paulson: Hot on India, cool on China

On Tuesday morning, Treasury Secretary Henry Paulson gave a speech on China. It was called "Managing Complexity and Establishing New Habits of Cooperation" - a title that a therapist might borrow for a parents' lecture on coping with defiant adolescents.

On Wednesday morning, Paulson gave a speech on India. The title practically blushed with fresh love: "The Economic Power and Promise of India." This afternoon, the veteran China hand goes wheels up for his first trip as Treasury Secretary to India, where he will speak to Fortune's Global Forum, peddle private financiers on the idea of investing in infrastructure projects and promote plans for an international financial center in Mumbai.

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