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June 06 , 2016
  • Reuters：China to submit 'negative list' for U.S. investment treaty talks next week
    Reuters reports: "China will submit next week its 'negative list' offer of sectors that would remain off-limits to U.S. investment in a U.S.-China bilateral investment treaty (BIT), Vice Premier Wang Yang said on Monday. Wang made the comments in opening remarks to the economic track of the Strategic and Economic Dialogue talks in Beijing. U.S. officials have said a negative list that greatly reduces the number of off-limits sectors is critical to reaching a deal....'The United States stands ready to advance the ongoing bilateral investment treaty negotiations provided that China is prepared to move forward in negotiating a high-standard and mutually beneficial agreement,' Lew said....Lew said earlier he hoped the two countries would make progress on market access issues as well as the problem of excess industrial capacity in China during this week's talks."
  • The New York Times：China Pushes Back Against U.S. Complaints of Industrial Overcapacity
    The New York Times reports: "The Chinese finance minister jabbed back on Monday at complaints from his American counterpart that China's glut of factories making mountains of steel, aluminum and other products was overwhelming foreign markets and makers. The finance minister, Lou Jiwei, suggested that foreign officials should curb their complaints about industrial production surpluses because their governments had cheered on China's investment spree during the global financial crisis that began in 2008. That spree helped create the production gluts now worrying policy makers in Beijing and, increasingly, around the world....The talks, set to end on Tuesday, also cover foreign policy and international security tensions, such as North Korea's nuclear weapons and China's territorial disputes with neighbors in the South China Sea. There was no sign of either side shifting its position in those disputes in the meeting's opening remarks by President Xi Jinping and Secretary of State John Kerry."
  • The Wall Street Journal：U.S.-China Talks Show Limits of Cooperation
    The Wall Street Journal reports: "Disagreements in the mainly closed-door talks among dozens of senior officials this week were on display Monday. U.S. Treasury Secretary Jack Lew took Beijing to task for its regulatory barriers on foreign businesses and urged it to cut the rampant excess capacity in steel and other industries that is having 'a distorting and damaging effect on global markets.'...As for agreement, China is encouraging U.S. companies to invest in energy-efficient projects through a 20 billion yuan ($3 billion) green finance fund, according to officials with knowledge of the matter....This year's strategic and economic dialogue, or S&ED as the annual talks are known, is the last for the Obama administration, leaving little time for major initiatives. With China policy—especially on trade—already a topic in the presidential election, Chinese analysts expect the next U.S. president, whether Donald Trump or Hillary Clinton, is likely to start out with a harder line toward Beijing."
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