The US-China Business Council (USCBC) welcomed senior Chinese leaders this week to brief USCBC members on China’s competition scheme and the country’s national goals for the coming years. Visiting officials include top leaders from China’s Ministry of Finance (MOF), Ministry of Commerce (MOFCOM), National Development and Reform Commission (NDRC), and People’s Bank of China (PBOC).

China is determined to arrive at a high-standard Bilateral Investment Treaty (BIT) that will benefit US industry as soon as possible, said Li Chenggang, director-general of China’s Ministry of Commerce’s (MOFCOM) Treaty and Law Department and China’s lead BIT negotiator, at a USCBC luncheon program February 25 in Washington, D.C.