Treasury official touts ‘technocratic’ talks with China on outbound investment

The U.S. has held “technocratic” conversations with China about a developing outbound investment initiative to ensure Beijing does not misinterpret what's coming and to learn about China's own approach, a top Treasury Department official said on Wednesday. During a July 10 discussion hosted by the Council on Foreign Relations, Under Secretary for International Affairs Jay Shambaugh said a U.S.-China Economic Working Group established last September has allowed the two countries to hold technical discussions about their varying approaches to restrictions...