US ambassador to China voices concerns about home economy

In a downbeat speech, former top trade negotiator Charlene Barshefsky refuses to consider protectionism against the rising might of China.

Warning of job losses, inadequate basic research, poor primary schooling and an exploding budget deficit, the woman who negotiated China's entry to the World Trade Organization two years ago gave a surprisingly pessimistic speech about US economic prospects on Tuesday.

The US underperformed from 2000 -2003. This was a period when the US saw three successive years of job losses, the first time since the Great Depression of the 1930s, Barshefsky said at the 37th Pacific Basin Economic Council meeting in Beijing

In contrast, she cited the growing trade power of China, which overtook the US last year as the biggest export market for Korea and Japan....

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