U.S., China Exchange 'Negative List' Offers At Beijing BIT Round

China and the United States took the long-awaited step of swapping lists of areas they want to shield from new market-opening rules at the 19th round of bilateral investment treaty (BIT) negotiations in Beijing last week, which were the first to be held in roughly half a year, according to the Office of the U.S. Trade Representative. In addition to exchanging these “negative lists,” the U.S. and China continued to discuss the core text covering the substantive obligations of the...