THE Bush administration declared on Tuesday that the United States had entered a new phase in its economic relationship with China, and pledged “rigorous enforcement” of laws aimed at curbing what China critics see as “unfair” trade practices.
The pledge was contained in a 29-page administration review of America's economic relationship with China released four days after the government reported that the United States recorded a US$202bil (RM747) trade deficit with China last year. That's the highest ever recorded with a single country and up 25% from 2004.
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