Beijing, US said to swap 'negative lists' for pact

Beijing

CHINA and the US will swap initial demands for an investment treaty as early as Monday, sources said, but US investors are already worried that an emerging raft of Chinese regulations could threaten the future of talks.

In exchanging demands, the world's two largest economies will outline industry sectors that each side deems to be closed to the other side's investors. Such "negative lists" will define the scope of the treaty and are already months overdue.