In This Issue:

Quote of the Week; U.S.-China Relations; Energy & the Environment; and Trade.

Excerpt from U.S.-China Relations -

Baucus Nomination Hearing:

On January 28, the Senate Foreign Relations Committee held a confirmation hearing for Senator Max Baucus (D-MT), President Obama’s nominee to serve as the next U.S. Ambassador to China, replacing outgoing Ambassador Gary Locke. ML Strategies’ summary of the hearing can be found as an attachment to this week’s China Update. In his opening statement, Senator Baucus said that, if confirmed, he hopes to accomplish two goals that are critical to the U.S.-China relationship: 1) to develop our economic relationship with China in a way that benefits American businesses and workers; and 2) to partner with China as it emerges as a global power and encourage it to act responsibly in resolving international disputes, respecting human rights, and protecting the environment.