BEIJING, June 7 (Xinhua) -- Senior Chinese and U.S. officials have agreed to speed up negotiations on a bilateral investment treaty (BIT) during the Eighth Round of China-U.S. Strategic and Economic Dialogues (S&ED).
"The two countries will exchange new 'negative list' offers in mid-June," Chinese Vice Premier Wang Yang told a news briefing here on Tuesday.
"We will try to reach a mutually beneficial and high-level agreement at an early date," he said.
A negative list outlines sectors closed to foreign investment. The last time the two sides exchanged such lists was in early September last year.
China and the United States started to negotiate a BIT in 2008 and 24 rounds of talks were held ahead of the eighth S&ED as both countries sought to increase mutual investment.
According to Wang, the two sides will continue to discuss the issue of export controls through the China-U.S. High Technology and Strategic Trade Working Group.
The two countries will try to achieve mutual recognition of airworthiness for transport aircraft.
China and the United States promised to promote province-state and city-city trade and investment cooperation.
The two countries also aim to complete peer review of fossil fuel subsidies within the G20 framework ahead of the Hangzhou summit in September, said the vice premier.
Both sides also agreed to strengthen communication and cooperation on infrastructure construction, intellectual property right protection, agriculture, small and medium-sized enterprises, clean energy R&D and economic policy study, said Wang.
BEIJING, June 7 (Xinhua) -- Senior Chinese and U.S. officials on Tuesday encouraged business people to invest in both countries during the Eighth Round of China-U.S. Strategic and Economic Dialogues.
China is committed to protecting intellectual property rights, expanding market entry and increasing the transparency of laws and regulations to create a fair, transparent and predictable business environment, said Vice Premier Wang Yang.Full story
by Xinhua writers Zhu Lei, Qi Zijian
NEW YORK, June 5 (Xinhua) -- Senior Chinese and U.S. officials will gather on Monday and Tuesday in Beijing for an annual high-level dialogue that involves the most agencies and covers the widest range of issues under the bilateral relationship.
The eighth Strategic and Economic Dialogue (S&ED), which will be held in parallel with the seventh High-Level Consultation on People-to-People Exchange (CPE), is of "quintet" significance as it takes place in a crucial year in which the United States is holding presidential elections and China is to host the Group of 20 (G20) summit.Full story
BEIJING, June 7 (Xinhua) -- China will grant the United States a quota of 250 billion yuan (38 billion U.S. dollars) under the country's Renminbi Qualified Foreign Institutional Investor (RQFII) program, an official with the central bank said Tuesday.
"China values the cooperation with the U.S., and both sides will jointly promote renminbi businesses in North America," Yi Gang, vice governor of the People's Bank of China, told press at the China-U.S. Strategic and Economic Dialogues on Tuesday.Full story