Hank Paulson, US treasury secretary, will on Monday begin a series of policy talks with industry leaders to discuss the Bush administration’s policy towards China ahead of a high-level delegation to Beijing next week.

The former head of Goldman Sachs, an investment bank, will on Monday meet executives from manufacturing companies, including Procter & Gamble, before on Wednesday sitting down with financial services companies - including Citigroup – as well as those from other sectors.