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Blog Category: U.S.-China Strategic and Economic Dialogue

Secretary Pritzker Joins Secretary Lew at the Fifth Round of the U.S.-China Strategic and Economic Dialogue

Secretary Pritzker Joins the Fifth Round of the U.S.-China Strategic and Economic Dialogue

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.

China Travel Log 2: Economic Talks Continue in Beijing

Secretary Bryson's visit to China continued today in Beijing where he started the morning with a breakfast with U.S. and Chinese CEOs.  The breakfast was led by Secretary Clinton and Secretary Geithner, with United States Trade Representative Ron Kirk and Ambassador Gary Locke also joining.  The group discussed the importance of the U.S - China economic relationship and what can be done to continue the growth of trade and investment between both countries.  Bilateral trade between the U.S. and China reached over $500 billion last year, with U.S. merchandise exports reaching $100 billion for the first time. 

The Secretary's day continued as he joined Secretary Clinton and Secretary Geithner for separate meetings with Chinese President Hu Jintao and Premier Wen Jiabao.  Bryson then joined Ambassador Kirk for lunch with their Chinese counterpart, Minister of Commerce Chen Deming. 

Throughout the S&ED, Bryson has stressed the importance of the U.S. - China economic relationship and how it is critical that both sides follow through on commitments made not just at this S&ED, but at prior and future talks. Or as Bryson put it, "we must work harder... we must be bold... and we must follow through." 

After the government meetings, Ambassador Kirk and Secretary Bryson participated in an event with the American Chamber of Commerce in China and the U.S. China Business Council.  There Kirk and Bryson heard straight from U.S. business leaders doing business here in China.  They discussed opportunities, challenges, and what the U.S. government can do to support increased exports from the United States to China.  

China Travel Log 1: Secretary Bryson Participates in the Strategic and Economic Dialogue in Beijing

This week, Secretary Bryson is in China on his second trip to the country as Commerce Secretary. His first stop is in Beijing where he is participating in the fourth round of the U.S.-China Strategic and Economic Dialogue (S&ED), along with Secretary of State Clinton, Treasury Secretary Geithner, U.S. Trade Representative Kirk and other U.S. government officials. 

The Dialogue began this morning, with a joint opening session with Chinese President Hu Jintao. The Dialogue then was split up between the Strategic track and the Economic track, with Secretary Bryson participating in the Economic track sessions.

Throughout the sessions, Secretary Bryson stressed that the U.S. and China commercial relationship will only realize its full potential if trade and competition is fair and open.

The day’s activities ended with all participants coming together for a joint dinner with Chinese Vice President Xi Jinping. This was the second time Secretary Bryson and Vice President Xi have met. In February of this year, Vice President Xi traveled to the United States, where Secretary Bryson joined him in both Washington, D.C. and Los Angeles, where they discussed ways that the two countries can cooperate to establish a level playing field, generate economic growth and create good paying jobs.

Secretary Bryson's visit continues tomorrow in Beijing where he will meet with U.S and Chinese CEOs, as well as participate in separate meetings with President Hu and Premier Wen Jiabao. Later in the week the Secretary is scheduled to travel to Nanjing and Shanghai to continue his talks with Chinese provincial government officials and business leaders to discuss how we can continue to work together to improve and grow our economic relationship.

Secretary Locke Attends Productive Meetings During the Third Meeting of the U.S.-China Strategic and Economic Dialogue

Secretary Locke and Chinese Minister of Commerce, Chen Deming, Pose For a Photo During Their Meeting

On Monday and Tuesday, Secretary Locke, along with Secretary Clinton and Geithner, engaged with their Chinese counterparts at the third meeting of the U.S.-China Strategic and Economic Dialogue. Since becoming Commerce secretary, Locke has played a key role in the Obama administration’s efforts to improve the commercial environment in China and open up its markets for U.S. businesses. Locke, who co-chaired two sessions of the U.S.-China Joint Commission on Commerce and Trade, led a clean energy trade mission to China and Indonesia in May 2010 and accompanied President Obama on his visit to China in November 2009, has worked to level the playing field for U.S. businesses and promoted American-made products and services in the Chinese market, in order to create good-paying American jobs and advance President Obama’s National Export Initiative. 

On Monday, Secretary Locke attended the opening session with Vice President Joe Biden and participated in both the economic and strategic track sessions of the Dialogue.  During the meetings, Locke discussed top U.S. government priorities regarding China, including transparency, intellectual property rights protection and China’s policies toward its state-owned enterprises and national champions.  He spoke about prospects of cooperation with China on issues related to marine living resources, ocean policies and environmental protection.

On Tuesday, Locked hosted a meeting with Chinese Minister of Commerce Chen Deming to continue their ongoing engagement to strengthen U.S.-China commercial relations. In the afternoon, he joined Secretaries Clinton and Geithner in a small group lunch at the Blair House with U.S. and Chinese CEOs and business leaders to engage the business communities of both countries and discuss ways to improve the U.S.-China economic relationship.