BIT for better

By Zhang Lijuan
0 Comment(s)Print E-mail China.org.cn, July 15, 2014
Adjust font size:

US Secretary of State John Kerry (L) applauds as China's President Xi Jinping arrives on stage for the opening ceremony of the Sixth Round of US-China Strategic and Economic Dialogue at Diaoyutai State Guesthouse in Beijing July 9, 2014. [China Daily via agencies]



After 35 years of diplomatic relations, China and the United States are making progress on high level trade and investment issues. The ongoing negotiations on the Bilateral Investment Treaty (BIT) are a good example.

In the past twenty years, U.S.-China trade has been marred by issues arising from the "Made in China" label -- antidumping, the undervalued RMB, the use of safeguards, and the U.S. trade deficit with China -- all of which came from the same origin: too many "Made in China" items that are "too cheap" pushed into the U.S. market. Products marked "Made in China" have been, and still are, everywhere in the United States.

However, in recent years, there have been more local American headlines about Chinese investment in the United States. Interestingly enough, local governments are happy to receive FDI from China, while the Federal government, represented by the Committee on Foreign Investment (CFIUS), has increased its "focus" on FDI from China. From the most recent annual report, CFIUS has made China the largest number of undergoing FDI security reviews.

No single factor can explain why the CFIUS is getting tough on China. Part of the problem could be the growing, strategic distrust between the United States and China, as described by Kenneth Lieberthal and Wang Jisi in 2012. The bilateral Strategic and Economic Dialogue has continued to provide great opportunities. High level government officials from both sides have been working on a trade-related investment regime with the hope of simultaneously improving mutual trust.

Today's commercial diplomacy involves close contact between businesses and governments, because business interests serve as a key factor influencing the direction of government negotiations and pending policies. Based upon a survey of global businesses, Ernst & Young's recent global report identified top ten risks and opportunities in 2013 and beyond. The number one risk in 2013 is "Compliance and Regulations," while in 2015 the number one risk will be "political intervention in power and utilities." A research project conducted by Protiviti and North Carolina State University's ERM Initiative also suggests that regulatory change and heightened regulatory scrutiny will continue to be the top overall risk for global businesses.

Follow China.org.cn on Twitter and Facebook to join the conversation.
1   2   Next  


Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 污视频免费看软件| 老师的圣水女主小说网| 多人伦精品一区二区三区视频| 中文字幕人妻三级中文无码视频| 最新国产福利在线观看| 亚洲欧美日韩一级特黄在线| 男女啪啪免费体验区| 四虎国产精品永久地址入口| 韩日一区二区三区| 国产激情视频网站| 69堂午夜精品视频在线| 天堂在线观看视频| 一个男的操一个女的| 成人年无码AV片在线观看| 久久久久亚洲AV无码专区体验 | 兽皇videos极品另类| 老子影院理论片在线观看| 国产偷亚洲偷欧美偷精品| 91丁香亚洲综合社区| 国产精华av午夜在线观看| 0urp|ay加速器| 国产精品网址在线观看你懂的 | 欧美日韩一道本| 国产精品伦子一区二区三区| 91精品国产综合久久香蕉| 在线观看二区三区午夜| assbbwbbwbbwbbwbw精品| 奇米综合四色77777久久| 一出一进一爽一粗一大视频| 很黄很污的视频在线观看| 中文在线天堂网| 成人做受视频试看60秒| 中国陆超帅精瘦ktv直男少爷| 挺进邻居丰满少妇的身体| 久久91精品国产91久久小草| 日本久久久免费高清| 久久久久亚洲av片无码| 日本伊人色综合网| 久久不见久久见免费视频7| 日本pissjapantv厕所自| 久久99青青精品免费观看|