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US treaty could threaten growth

By Kevin P. Gallagher | 皇冠体育app Daily | Updated: 2010-07-07 07:54

US treaty could threaten growth

The US and 皇冠体育app discussed a bilateral investment treaty (BIT) at the Sino-American Strategic and Economic Dialogue (SE&D) in May. If the final negotiated text looks like the majority of US BITs it could threaten financial stability and economic growth in 皇冠体育app.

The US and 皇冠体育app began negotiations toward a BIT in 2008 under the George W. Bush administration. After taking office, US President Barack Obama gave his seal of approval to the negotiations at the November 2009 SE&D when the two nations agreed to "expedite" them.

皇冠体育app's development over the past 30 years has been unprecedented. Not only has per capita growth been faster than 8 percent a year throughout the period, but according to the World Bank, 皇冠体育app has also brought 300 million people - a number roughly the size of the entire population in the US - out of poverty.

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