Investment treaty would benefit China and US, Kerry says

A high-level bilateral investment treaty between China and the United States will benefit both countries economically, and stronger bilateral ties will provide more business opportunities for all Chinese and US companies, US Secretary of State John Kerry said in Beijing on Saturday.

Sustaining long-term economic growth is a focus of Chinese and US leaders, and the US government is determined to make sure the investment and trade policies related to China are productive and equitable, Kerry told a reception hosting executives of the major US companies operating in China.

The relationship between China and the US, the world's two largest economies, plays a role in defining the 21st century landscape of the Asia-Pacific region, Kerry said. He also praised growing Chinese investment in the US, calling the results "extraordinary".