According to Reuters, "Senior U.S. officials will meet in August with their Chinese counterparts to discuss the possibility of repatriating Chinese officials who have fled to America with billions of dollars of allegedly stolen government assets, according to a State Department official. The issue is a thorny one, as no extradition treaty exists between the U.S. and China. That has made America, and other countries such as Australia and Canada, attractive destinations for Chinese officials fleeing the country and a haven for the assets they have allegedly stolen. Western governments have long been reluctant to hand over suspects because of a lack of transparency and due process in China's judicial system...The countries will share specific intelligence on allegedly corrupt Chinese officials and stolen assets and will also discuss potential ways to send the fugitives back to China." 

"The Obama administration announced on Wednesday morning that it was filing a broad trade case against China at the World Trade Organization, accusing Beijing of providing illegal export subsidies in seven different industries. The trade case comes as the White House is trying to persuade Congress that it is taking a tough stand in trade negotiations. The administration wants Congress to give it the power to negotiate a Trans-Pacific Partnership lowering trade barriers and adding a range of measures protecting patents and other forms of intellectual property across a dozen Pacific nations, and to be able to submit the agreement to Congress for a yes-or-no vote with no amendments allowed...These industries include textiles, apparel, agriculture, chemicals, medical equipment and certain metals like titanium and specialty steels," reports The New York Times.  

The Wall Street Journal writes, "President Barack Obama spoke Tuesday with Chinese President Xi Jinping for the first time since the White House announced last week that the U.S. would host the Chinese leader for a formal state visit this year. Mr. Xi will visit the U.S. in September, the official Xinhua News Agency said Wednesday. The trip would be Mr. Xi's first state visit to the U.S. as Chinese president. Messrs. Obama and Xi discussed a series of issues on Tuesday, according to the White House, including the climate-change summit scheduled for December in Paris. 'The president encouraged China to continue its move toward consumption-led growth and a market-determined exchange rate, reiterated his commitment to pursue a high-standard and comprehensive bilateral investment treaty, and called for swift work to narrow our differences on cyber issues,' the White House statement said."