Two U.S. senators have proposed legislation to repeal permanent normal trade relations (PNTR) status

for China, alleging an enlarging U.S. trade deficit with China is all the latter’s faults.

The US Congress granted China the PNTR status in 2000, which paved the way for China to enter the

World Trade Organization (WTO) and opened the flood-gate for US businesses to invest in the world’s

potentially biggest market.