Paulson Warns Against a United States and China Break as Beijing's Biotech Pushes Outward

Henry Paulson, the former United States Treasury secretary, urged Washington and Beijing to manage their strategic competition before it widens into broader conflict. The South China Morning Post reported that Paulson sees deepening distrust, rather than trade imbalances, as the greater danger to the relationship between the world's two largest economies.

His warning arrives as the commercial split keeps widening. The same newspaper reported that Chinese biotechnology firms are pressing ahead with global expansion that industry insiders call irreversible, even as Washington rolls out investment restrictions and national-security measures intended to slow their advance.

Both accounts come from a Hong Kong outlet and reflect a view from the Chinese side of the divide. Read together, they describe a decoupling that policy is accelerating rather than preventing. Each new United States restriction pushes Chinese firms to build supply chains, capital sources and markets that route around the United States, which is the structural shift investors should track.