BEIJING - U.S. Treasury Secretary Henry Paulson said Wednesday he told Chinese leaders that the United States is making progress in resolving its credit crisis but there will be "more bumps" ahead.
Paulson met President Hu Jintao and Beijing's new point man on strained relations with Washington, Wang Qishan.
Paulson said he explained that the United States is going through a "period of turmoil" but the economy remains fundamentally strong.
"I believe we are making progress" in calming troubled debt markets, he said. However, he cautioned that the problems would require more hard work.
"I continue to think there will be some more bumps in the road," he said.
Paulson declined to give details on what Chinese leaders said to him.
Paulson tells China U.S. making progress on credit crisis, but `bumps ahead
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