U.S., China To Launch Investment Negotiations
By Associated Press | June 19, 2008
WASHINGTON — America and China have agreed to launch negotiations on an investment treaty that holds out the promise of greatly expanded opportunities for American companies in China's vast market.
The two countries, concluding high-level economic talks, also pledged greater cooperation to deal with energy shortages and global pollution.
The agreements were announced yesterday by Treasury Secretary Henry Paulson, who said he believed the initiatives would produce "significant progress" on two priorities both nations share.
