From Financial Times:
US-Chinese relations are in jeopardy because Beijing is slowing the pace of reform and putting the global economy at risk, Washington’s chief trade negotiator said on the eve of a high-level delegation to China.
The Bush administration has identified “troubling indications that China’s momentum towards reform has begun to slow” in the last year, according to Susan Schwab, the US trade representative.
The negotiator said the US was ready to initiate new trade disputes and retaliate against China if reforms were not stepped up following this week’s strategic economic dialogue led by Hank Paulson, Treasury secretary.[Full Text]
