James Zimmerman, chairman of the American Chamber of Commerce in China, shares his views in the wake of Premier Li Keqiang's work report.

"We look forward to seeing details of the revised catalogue and streamlining measures, and share the premier's hopes for a stable, fair, transparent and predictable business environment in China. Recent positive trends have raised the expectations of current and potential foreign investors in China for inbound investment reform and opening, and our members are now intensely focused on the completion of a high-standard bilateral investment treaty between the US and China, to include a country-wide negative list with limited and narrowly crafted exceptions. The exchange of negative lists in early 2015 will be a critical benchmark by which the seriousness of the negotiations will be assessed."