Tuesday, June 2, 2009

U.S.-China Strategic and Economic Dialogue Scheduled for July

Things are heating up between China and the U.S.

Treasury Secretary Geithner and Secretary of State Hillary Clinton today released the following joint statement on a U.S.-China Strategic and Economic Dialogue:

As President Obama’s Special Representatives for the United States to the U.S.-China Strategic and Economic Dialogue, we are pleased to announce that the first meeting of the U.S.-China Strategic and Economic Dialogue will be held in Washington, D.C. during the last week of July 2009.

The Dialogue will focus on addressing the challenges and opportunities that both countries face on a wide range of bilateral, regional and global areas of immediate and long-term strategic interest. Through the two days of meetings, we look forward to in-depth discussions with our Chinese counterparts to enhance the welfare of the citizens of both countries.

We look forward to working closely with our respective Chinese Co-Chairs, Vice Premier Wang Qishan and State Councilor Dai Bingguo, along with the members of their delegation and our colleagues in President Obama’s Cabinet to promote U.S.-China cooperation.
Hmm, a Premier level dialogue. Translation: China's heavy hitters want out of Treasury securities, now.

1 comment:

  1. These talks have been on tap for awhile, and are a continuation of the SED discussions started by Hank Paulson during the Bush presidency. I do not think they are an indication that China wants out of our treasuries, at least not anymore than they previously have announced.