Balanced investment treaty needed

Although trade friction between China and the United States over everything from cars to solar panels has increased in recent years, the bilateral trade in goods reached a record $521 billion in 2013, which suggests increasing interdependence between the two economies.

Liu Cheng, a professor at the University of Science and Technology Beijing, Xinhuanet.com, July 9

The Bilateral Investment Treaty negotiations are considered a top priority by both the Chinese and the US governments this year. Compared with the economic and trade relations between the US and Japan, or between the US and the European Union, where competition is a defining feature as their economic structures are similar, the economic structures of China and the US appear to complement each other and can contribute to a win-win cooperative partnership.