10 September 2001, 09:22  O'Neill -- China's economic development not a threat to US

O'Neill also said the fast pace of China's economic expansion, which he noted puts it on course to double the size of the economy over the coming decade, is not a threat to the US. When asked whether China's economic development presents a danger to its Asian neighbors or to the US, the Treasury Secretary said: "I think there's nothing to fear at all in economic progress in every part of the world." He emphasised his belief that development is not a zero-sum game, stating: "I don't understand those who fear economic progress for everyone, everywhere, as fast as we can produce it."

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