Sources: Likelihood Fading For U.S.-China BIT Deal During Obama's Term

The prospect of the U.S. and China concluding negotiations on a bilateral investment treaty (BIT) before President Obama leaves office appears to be rapidly dimming as both sides missed a deadline for an offer exchange, anti-trade sentiment across the U.S. continues to grow, the administration remains focused on the Trans-Pacific Partnership and China grapples with domestic economic reforms, according to China experts and business sources. “The chances of a BIT being concluded by the end of the Obama Administration is...