The U.S. and China initiated talks about a bilateral investment agreement and finalized a 10-year plan to cooperate on energy and the environment, a relatively successful conclusion to two days of talks that were also marked by simmering economic tensions.
Treasury Secretary Henry Paulson said the agreements will lead to “significant progress,” in prepared remarks to close the fourth Strategic Economic Dialogue between the two countries. Mr. Paulson said the investment agreement would “send a strong signal that our two nations welcome investment.”
Mr. Paulson also said Chinese leaders remain committed to financial reforms.
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