Wrapping up the S&ED on 11st July, senior Chinese and US officials highlighted progress in trade and investment as the two countries agreed to enter into substantive negotiations of the China-U.S. Bilateral Investment Treaty.
 

 China could benefit from US technology and workplace productivity techniques to move up the production value chain, while the United States could benefit from increased access to the Chinese market, especially in the service sector where it has a competitive advantage.

In remarks at the end of the annual talks, Chinese Vice Finance Minister Zhu Guangyao said the two sides agreed to move forward on the investment treaty issue because they have an extensive investment relationship and companies of both sides have great desire to expand bilateral investment.

At the conclusion of the meetings, the two countries also announced further concrete measures to support strong domestic and global growth, promote open trade and investment, enhance international rules and global growth, and foster financial market stability and reform.

China and the United States have been holding the annual S&ED talks since 2009 when US President Barack Obama came to office, as a major channel of communication to enhance mutual trust, boost cooperation and properly handle differences.

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