2016年CRI China, U.S. Conclude Annual High-level Dialogue

（单词翻译）

One of the main topics at the annual Dialogue was a bilateral¹ investment treaty.

Speaking after the talks, Chinese Vice² Premier³ Wang Yang said the two sides agreed to speed up negotiations⁴ on a Bilateral Investment Treaty.

"The two countries will exchange new 'negative list' offers in mid-June. We will try to reach a mutually beneficial and high-level agreement at an early date. The two sides agreed to continue to discuss the issue of export controls through the China-U.S. High Technology and Strategic Trade Working Group." 

China and the US have held 24 rounds of talk on the treaty since 2008.

The last time they exchanged negative lists was in September last year.

Such a list is used to outline sectors⁶ that are closed to foreign investment.

Wang Yang said the two countries will also try to achieve mutual⁵ recognition of airworthiness for transport aircraft and aim to complete peer review of fossil fuel subsidies⁷ within the G20 framework ahead of the Hangzhou summit in September.

In regard to industrial overcapacity, Wang Yang called for legal means, plans, and proper policies to address the issue, rather than through trade remedies.

On the strategic side, the two countries talked about hotspot issues including the South China Sea.

State Councilor Yang Jiechi called on the United States to deliver on its pledge to take no position on the disputes. He reiterated⁸ China's stance.

"The islands in the South China Sea have been China's inherent territory since ancient time. China has the right to safeguard territorial⁹ sovereignty and legitimate¹⁰ maritime¹¹ rights and interests. China's position of not accepting or participating in the arbitration¹² of the South China Sea issue in accordance with the international law remains¹³ unchanged."

Yang noted¹⁴ that China respects and protects the freedom of navigation and overflight.

He again said the disputes should be settled peacefully through negotiations and consultations¹⁵ by the countries concerned and the United States should play a constructive¹⁶ role in safeguarding peace and stability in the region.

During the talks, the two sides also agreed to enhance cooperation on climate change and vowed¹⁷ to join hands to fight against money laundering¹⁸, terrorism financing, and counterfeiting¹⁹.

US Secretary of State John Kerry said improving dialogue will help with the creation of a new-type relationship.

"I believe in these two days we made significant headway in constructively²⁰ addressing the challenges before us and I'm confident we are going to continue to engage productive, fruitful discussions in the weeks and months ahead. The complex era in which we live demands cooperation and collaboration²¹, not conflict and discord²², and requires a new model of our partnership²³."

Also during the meetings, the two sides agreed to closely cooperate under the G20 framework to boost the world economy.

They also called on all parties concerned to join hands to create conditions for resuming the Six-Party Talks at an early date and work for a nuclear-free Korean Peninsula.