5th US-China Strategic and Economic Dialogue

On July 10, the 5th US-China Strategic and Economic Dialogue opened in Washington, DC.

This year's dialogue is considered the first opportunity for the new leadership teams of the two powers to meet and develop a working program.

Panorama of the conversation. (Source: Getty)

During the two days, leaders of more than 20 ministries and sectors from both countries will discuss and consult on a range of political, security, economic and financial issues. Strategic discussions will be chaired by Chinese State Councilor Yang Jiechi and US Secretary of State John Kerry, while Chinese Vice Premier Wang Yang and US Treasury Secretary Jack Lew will chair discussions on economic and financial topics.

Speaking at the opening session of the dialogue, US Vice President Joe Biden affirmed that although there are still many disagreements between the two sides, Washington and Beijing can find solutions that benefit both sides, through cooperative measures, frank and trustworthy dialogue.

For his part, Chinese Vice Premier Wang Yang emphasized that the 5th US-China Strategic and Economic Dialogue took place at the starting point of a new era in relations between the world's two leading economies, with the implementation of the commitment that the two countries' leaders reached at the summit last month in the US: That is, moving towards a new model of major country relations in the direction of enhanced cooperation.

The agenda of this year’s dialogue will focus on issues in bilateral relations including cyber security, monetary policy and trade cooperation. In addition, officials from both countries will also exchange views on hot regional and global issues such as the situation on the Korean Peninsula, Iran’s nuclear program and new developments in the Middle East-North Africa region.

Launched in 2009, the US-China Strategic and Economic Dialogue is held annually in each country’s capital. The dialogue is one of the main channels of information to enhance trust, promote cooperation and resolve disagreements between the US and China./.

According to (TTXVN) - DT