Why the Bilateral Investment Treaty Matters

By Deborah Lehr as featured on Caixin Global

China's trade negotiators were recently in Washington to continue negotiations towards a bilateral investment treaty (BIT) between their country and the United States. Much still remains to be hammered out: China plans to submit its "negative list" – sectors that will not be opened to foreign competition – after Spring Festival, and then tough negotiations will ensue. But the momentum for concluding a treaty is growing – and that is a good thing.