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January 28, 2014 AT 9:55 AM
Max Baucus told his Senate colleagues Tuesday that he would work to build a more equitable economic relationship with China, if he is confirmed to become U.S. ambassador. Calling the U.S. relationship with China "one of the most important bilateral relationships in the world," Baucus said he would also encourage China to act responsibly, as it emerges as a global power. Figures through November show the trade deficit was on track to set a new record in 2013, exceeding $300 billion for the second straight year. Tuesday's hearing by the Senate Foreign Relations Committee was a switch for the six-term Montana Democrat.