<html><head><meta http-equiv="Content-Type" content="text/html charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;" class=""><div style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><a href="https://blogs.wsj.com/cfo/2017/06/07/the-morning-ledger-china-bilateral-investment-treaty-on-the-agenda-mnuchin-says/" style="color: rgb(149, 79, 114);" class="">https://blogs.wsj.com/cfo/2017/06/07/the-morning-ledger-china-bilateral-investment-treaty-on-the-agenda-mnuchin-says/</a><o:p class=""></o:p></div><div style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><o:p class=""> </o:p></div><h1 style="margin-right: 0in; margin-left: 0in; font-size: 24pt; font-family: 'Times New Roman', serif; margin-bottom: 3pt; vertical-align: baseline;" class=""><span style="font-size: 30pt;" class="">The Morning Ledger: China Bilateral Investment Treaty on the Agenda, Mnuchin Says<o:p class=""></o:p></span></h1><div style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif; vertical-align: baseline;" class=""><span style="font-size: 10.5pt; font-family: Arial, sans-serif; color: rgb(102, 102, 102); border: 1pt none windowtext; padding: 0in;" class="">By</span><span class="apple-converted-space"><span style="font-size: 10.5pt; font-family: Arial, sans-serif; color: rgb(51, 51, 51);" class=""> </span></span><span style="font-size: 10.5pt; font-family: Arial, sans-serif; color: rgb(51, 51, 51);" class=""><o:p class=""></o:p></span></div><div style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif; vertical-align: baseline;" class=""><b class=""><span style="font-size: 10.5pt; font-family: Arial, sans-serif; color: rgb(102, 102, 102); text-transform: uppercase; border: 1pt none windowtext; padding: 0in;" class="">RHEAA RAO</span></b><span style="font-size: 10.5pt; font-family: Arial, sans-serif; color: rgb(102, 102, 102);" class=""><o:p class=""></o:p></span></div><div style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif; vertical-align: baseline;" class=""><span style="font-size: 7.5pt; font-family: Arial, sans-serif; color: rgb(51, 51, 51);" class="">Jun 7, 2017 7:05 am ET<o:p class=""></o:p></span></div><div style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif; vertical-align: baseline;" class=""><span style="font-size: 7.5pt; font-family: Arial, sans-serif; color: rgb(51, 51, 51);" class=""><a href="https://blogs.wsj.com/cfo/2017/06/07/the-morning-ledger-china-bilateral-investment-treaty-on-the-agenda-mnuchin-says/#livefyre-toggle-BL-CFOB-12296" style="color: rgb(149, 79, 114);" class=""><b class=""><span style="font-size: 10pt; color: rgb(0, 128, 195);" class="">0</span></b><span class="apple-converted-space"><b class=""><span style="font-size: 10pt; color: rgb(0, 128, 195); text-decoration: none;" class=""> </span></b></span><span class="comments-count-word"><b class=""><span style="font-size: 10pt; color: rgb(0, 128, 195); border: 1pt none windowtext; padding: 0in; text-decoration: none;" class="">COMMENTS</span></b></span></a><o:p class=""></o:p></span></div><div style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif; line-height: 21pt; vertical-align: baseline; outline: 0px; word-wrap: break-word; background-position: 0px 0px;" class=""><strong class=""><span style="color: rgb(51, 51, 51); border: 1pt none windowtext; padding: 0in;" class=""><a href="http://on.wsj.com/TheMorningLedgerSignup" style="color: rgb(149, 79, 114);" class=""><span style="color: rgb(0, 128, 195);" class="">Sign up for the Morning Ledger</span></a>,</span></strong><span class="apple-converted-space"><i class=""><span style="color: rgb(51, 51, 51); border: 1pt none windowtext; padding: 0in;" class=""> </span></i></span><em class=""><span style="color: rgb(51, 51, 51); border: 1pt none windowtext; padding: 0in;" class="">emailed to you each weekday morning. Follow us on Twitter:</span></em><span class="apple-converted-space"><i class=""><span style="color: rgb(51, 51, 51); border: 1pt none windowtext; padding: 0in;" class=""> </span></i></span><strong class=""><span style="color: rgb(51, 51, 51); border: 1pt none windowtext; padding: 0in;" class=""><a href="https://twitter.com/cfojournal" style="color: rgb(149, 79, 114);" class=""><span style="color: rgb(0, 128, 195);" class="">@CFOJournal</span></a>.</span></strong><span class="apple-converted-space"><b class=""><span style="color: rgb(51, 51, 51); border: 1pt none windowtext; padding: 0in;" class=""> </span></b></span><em class=""><span style="color: rgb(51, 51, 51); border: 1pt none windowtext; padding: 0in;" class="">All CFO Journal-produced content can be accessed without a subscription.</span></em><span style="color: rgb(51, 51, 51);" class=""><o:p class=""></o:p></span></div><div style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif; vertical-align: baseline;" class=""><span class="apple-converted-space"><span style="font-size: 7.5pt; font-family: Arial, sans-serif; color: rgb(51, 51, 51);" class=""> </span></span><span style="font-size: 7.5pt; font-family: Arial, sans-serif; color: rgb(51, 51, 51);" class=""><o:p class=""></o:p></span></div><div style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif; line-height: 21pt; vertical-align: baseline;" class=""><span style="border: 1pt none windowtext; padding: 0in;" class="">The Trump administration plans on reviving talks toward a bilateral investment treaty that would give U.S. firms broader access to the Chinese market, but only after Washington makes progress on other trade issues, U.S. Treasury Secretary Steven Mnuchin said Tuesday.</span><span style="color: rgb(51, 51, 51);" class=""><o:p class=""></o:p></span></div><div style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif; line-height: 21pt; vertical-align: baseline; outline: 0px; word-wrap: break-word; background-position: 0px 0px;" class=""><span style="border: 1pt none windowtext; padding: 0in;" class="">The Obama administration said it </span><span style="color: rgb(51, 51, 51);" class="">had been close to completing</span><span style="border: 1pt none windowtext; padding: 0in;" class=""> a yearslong negotiation with Beijing on a </span><span style="color: rgb(51, 51, 51);" class="">Bilateral Investment Treaty</span><span style="border: 1pt none windowtext; padding: 0in;" class="">, but the Trump administration’s focus on ramping up exports to China, rather than U.S. investment in the world’s second largest economy, had quashed hopes among U.S. business advocates of the so-called BIT for a deal any time soon, <strong class=""><a href="https://www.wsj.com/articles/u-s-treasury-secretary-mnuchin-china-bilateral-investment-treaty-on-our-agenda-1496774628" target="_blank" style="color: rgb(149, 79, 114);" class=""><span style="color: rgb(0, 128, 195);" class="">Ian Talley writes.</span></a> </strong>Mr. Mnuchin, speaking at the U.S.-China Business Council annual meeting, said a BIT deal with China is on the Trump administration’s agenda, even though it isn’t a top priority.</span></div></body></html>