At a high level, the biggest issue remains whether, and at what pace, China is prepared to open closed sectors of its economy that must be liberalized to revitalize and rebalance its growth. Unless the government moves forward decisively, China's economy will stall. There is concern market reforms are being delayed in favor of stability, slowing the transition from the old to new economy. This could impact sectors from services to steel and dim near-term prospects for the Bilateral Investment Treaty. I expect the JCCT will attempt to move the needle in several areas essential to both China's economic reforms and leveling the playing field for American companies and workers.