China Under U.S. Scrutiny as Trade Anger Grows

[Nambe]

WASHINGTON (Reuters)

A shrinking U.S. job market has put China under an increasingly harsh spotlight as manufacturers and labor unions complain about the Asian giant's trade practices and currency policy.

With the 2004 presidential election looming, the rumblings are an uncomfortable reminder for President Bush of a staggering loss of jobs in his tenure -- some 2.6 million in manufacturing alone since mid- 2000.

"My sense is that things are going to get worse," said economist Sung Won Sohn of Wells Fargo Bank in Minneapolis.

"We're going to see more jobs continue shifting to China, and its manufacturing sophistication will keep increasing," given China's vast work force and expanding design and engineering skills, he predicted. ---

[LauraK]

1. Hmmm Will dimson favor the workers of the corporate profits?

And he says he will promote job creation.