New round of BIT talks with US be­gins

China Daily (Canada) - - BUSINESS -

China and the United States be­gan ne­go­ti­at­ing a bi­lat­eral in­vest­ment treaty onWed­nes­day, ac­cord­ing to theM­i­nistry of Com­merce. “Both sides will try to ad­vance the BIT ne­go­ti­a­tions with great ef­fort and to speed up the process in hope of reach­ing a high-stan­dard and mu­tu­ally ben­e­fi­cial deal,” said a brief MOCs­tate­ment. The ne­go­ti­a­tions are be­ing held in Qing­dao, Shan­dong prov­ince. Chi­nese main­land and In­dia moved up the rank­ings, ac­cord­ing to the World Bank. Aus­tralia fell out of the top 10, drop­ping to 13th spot in the World Bank’s an­nual Do­ing Busi­ness re­port. It was re­placed by Swe­den, which had pre­vi­ously been ranked 11th. The US re­mained in sev­enth place and Ja­pan slid five spots to 34th place. The Chi­nese main­land rose six spots to 84th, while In­dia climbed 12 places to 130th out of 189 economies, in­clud­ingHong Kong and Tai­wan.

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