This week, Secretary Penny Pritzker joined Secretary Jacob J. Lew at the fifth round of the U.S.-China Strategic and Economic Dialogue (S&ED). Secretary Lew led discussions with the Chinese delegation, headed by Vice Premier Wang Yang. They were joined by a high-level delegation of Cabinet members, ministers, agency heads, and senior officials from both countries. This year’s S&ED provided an opportunity to demonstrate the tangible benefits of strategic engagement by making concrete progress on our priority issues and creating a more level playing field for American companies and workers.

Secretary Pritzker spoke during the Trade and Investment Session about the importance of ensuring American companies have equal and fair treatment when competing with Chinese companies. She also attended the Joint Session on Climate Change, Promoting Economic Growth Session and the CEO roundtable, where she heard from American companies about the opportunities and challenges of doing in business in China.

The United States and China emphasized the importance of promoting a comprehensive U.S.‑China economic relationship based on mutual respect and mutually beneficial cooperation. The two countries reaffirmed the important commitments made by both countries in previous Strategic and Economic Dialogues. The two sides announced further concrete measures to support strong domestic and global growth, promote open trade and investment, enhance international rules and global economic governance, and foster financial market stability and reform. The two countries reached consensus to work expeditiously to implement the commitments made and, as the Special Representatives of the Economic Track, directed their respective economic teams to take concrete steps before the next Strategic and Economic Dialogue to do so.

PHOTO: Secretary Pritzker speaks with Treasury Under Secretary for International Affairs Lael Brainard during one of the meetings of the U.S.-China Strategic and Economic Dialogue.