# Wall Street helped build modern China. But is it now being cast aside?

https://mins.news/en/item/31975

- South China Morning Post, 2026-08-23 10:00 UTC
- Economy
- Original: https://www.scmp.com/business/banking-finance/article/3364838/wall-street-helped-build-modern-china-it-now-being-cast-aside?utm_source=rss_feed

> For decades, Wall Street figures including Henry Paulson, Stephen Schwarzman and Ray Dalio were celebrated as “old friends of China,” welcomed by senior officials and given rare access to the country’s top leadership. American financiers still visit and do business in China, but private meetings with top leaders have largely diminished.