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China, US dialogue key to future ties
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Geithner, Clinton to represent US in second round of strategic talks
China and the United States will hold here in late May the second round of Strategic and Economic Dialogue (SAED), which analysts consider the "key" to determining the future of possibly the most important bilateral relationship in the world.
They say trade relations, the Iran nuclear issue and the value of the Chinese currency are likely to top the meeting agenda in the capital.
US Treasury Secretary Timothy Geithner and Secretary of State Hillary Clinton will lead the US side in meetings co-chaired by Chinese State Councilor Dai Bingguo and Vice-Premier Wang Qishan. The two-day talks are set to start on May 24, news agency Reuters reported on Monday.
Established by President Hu Jintao and US President Barack Obama last April when they met in London, the first SAED was held three months later in Washington. The dialogue is also an upgraded mechanism to replace the former Strategic Economic Dialogue in 2006 started under the George W. Bush administration.
The new version has both a "Strategic Track" and an "Economic Track". Clinton and Dai co-chair the "Strategic Track". Geithner and Wang co-chair the "Economic Track".
"Sino-US relations are now at a turning point and the meeting is key for both parties to determine their future strategies. The discussion will include more topics than in 2009," said Yuan Peng, head of US studies at the China Institutes of Contemporary International Relations.
Yuan said Beijing would focus on trade protectionism and China's core interests while Washington will spotlight sanctions on Iran and the Chinese currency. | |
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