Balanced China growth in world's interest: Paulson

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SINGAPORE, Dec 6 (Reuters): China must aim for more balanced economic growth to live up to its international responsibilities, and greater yuan flexibility would help, US Treasury Secretary Henry Paulson said in an interview published today.
Paulson, who will be leading a delegation to Beijing for talks on December 12-13, told the Financial Times that global financial and economic conditions would "increase the focus" on China's responsibilities.
"Too many people have been worried about the wrong thing-worried that China's growth is somehow going to hurt the rest of the world," Paulson was quoted as saying.
"China's growth is helping the rest of the world and our interest is seeing that growth continue but to evolve into a more balanced growth."
It needed to focus more on domestic demand and rely less on exports to drive the economy, he said.