Senior U.S. and Chinese officials on Wednesday evening (June 24) announced the two sides will exchange revised offers for sectoral exclusions from market-opening commitments under a bilateral investment treaty (BIT) by early September, in conjunction with a state visit to Washington by Chinese President Xi Jinping. Treasury Secretary Jack Lew at the closing session of this year's annual Strategic & Economic Dialogue (S&ED) said that both countries had committed to “intensify negotiations and exchange improved negative list offers in early...