The eighth China-US Strategic and Economic Dialogue (SED), the flagship dialogue started in 2009 to facilitate cooperation between the two largest economies in the world, will likely focus on bilateral investment treaty, China's excess capacity and the RMB exchange rate scheme, says a research note by Mizuho Securities Asia Ltd.
This year, the China delegation is headed by State Councillor Yang Jiechi and Vice-Premier Wang Yang to meet with their U.S. counterparts, including U.S. Secretary of State John Kerry and Treasury Secretary Jacob Lew.
Delegates from both sides have expressed their intention to achieve an investment pact at this year’s SED. This may involve a further narrowing of the negative list for industries that remain closed to foreign investment.
The challenges will be U.S. pressure on China to open up its market for f...
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