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While negotiations on the investment treaty will not be easy, experts are optimistic that the U.S. and China could finish the BIT talks under Obama administration. "There is more room for agreement than people realized," Posen said. "I certainly think ( it's) doable before President Obama leaves office."

Liu, a Standing Committee member of the Political Bureau of the CPC Central Committee, made the remarks at a meeting in Hangzhou, east China's Zhejiang Province, from Friday to Saturday.

Between 8 p.m. Sunday and 8 p.m. Monday, heavy rains swept the middle area of Sanya with the biggest precipitation of 57 mm, said Ke Weiyao, head of the Sanya Meteorological Bureau.

BEIJING, June 18 (Xinhua) -- Investment and financial cooperation is injecting new momentum into China-Russia economic and trade ties after consensus was reached between two senior leaders.

BEIJING, July 6 (Xinhua) -- Premier Li Keqiang on Monday called on the Chinese diaspora to contribute to the country's economic growth.