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Coordination is even more critical in times of crisis. During the high point of the 2008 financial crisis, former US Treasury Secretary Hank Paulson worked closely with China and European countries to avoid imminent financial and currency collapse. For example, US Treasury bonds and bonds issued by US government-supported home mortgage lending agencies Fannie Mae and Freddie Mac were at risk of significant devaluation or even default during the worst days of the crisis. Many investors moved out of these unexpectedly risky assets into cash. But, the Chinese government supported the crisis-fighting efforts of the US government by continuing to hold them. If it had not done so, the world financial system may well have collapsed. In an October 2008 speech, Paulson stressed China's "useful and constructive" help in fighting the turmoil.
Contact the writer at xujunqian@chinadaily.com.cn.
Countries such as the US "are quite expert in identifying and fixating on topics not mentioned by either side (in the Sino-UK document) in order to seek excuses to meddle in or intervene", Yuan said.
Consumers queue in front of a Xiaomi store to buy its latest smartphone models in Paris. The Beijing-based company hopes to operate more than 150 stores in Europe by the end of this year. [Photo/Getty Images]
Construction of Yuanmingyuan began in 1707 and continued for more than a century. It is often referred to as "the garden of gardens" for its beauty during its prime, with lush landscapes dotted with numerous temples, palaces and pavilions. Its 350 hectares is about five times the footprint of the Forbidden City in central Beijing.
来源：资阳报