President George W. Bush and President Hu Jintao initiated the U.S.-China Strategic Economic Dialogue (SED) in 2006, where leaders from both nations meet twice a year to seek opportunities for bilateral cooperation. From 2009, President Barack Obama continued this series as the U.S.-China Strategic and Economic Dialogue (S&ED), though on an annual basis and with separate "tracks," the Treasury Department leading the Economic Track and State Department leading the Strategic track. The sessions conclude with a jointly-produced "Fact Sheet" detailing the agreements reached at that round of the SED.
"Many analysts believe that the financial system represents a major vulnerability for China's economic development, whereas others, equally respected, think that the financial system is adapting effectively to China's more developed status and will continue to provide the necessary fuel for the rest of the economy."
China's new ambassador to the United States (and a rising star in Beijing) sets out his vision for U.S.-Chinese relations, discusses whether China is a revisionist power, and how it plans to deal with cyber security -- and Japan.
Tensions between China and Japan are rising, but an economic version of mutual deterrence is preserving the uneasy status quo. Put simply, China needs to buy Japanese products as much as Japan needs to sell them.
Given that Chinese counterfeiting has benefits as well as costs, and considering China's historical resistance to Western pressure, trying to push China to change its approach to intellectual property law is not worth the political and diplomatic capital the United States is spending on it.
"[The] country's defense experts and policy makers are now addressing systemic reform and modernization issues, and are talking about breaking down barriers to cooperation with civilian industry and market-driven management."
Chinese officials see stability on the Korean peninsula under the Korean Armistice as a component that has enabled China's growth for over three decades. Despite a growing difference between the economic systems of China and North Korea, China's communist party leadership feels an affinity with North Korea because its government, like China's, pursues one-party leadership under a socialist banner.
President Obama and Chinese President Xi Jinping met in California June 7-8, 2013, to discuss cybersecurity, climate change, territorial disputes, and North Korea. After their discussions, they released an agreement to reduce the production and consumption of hydrofluorocarbons (HFCs).
President Obama and Chinese President Xi Jinping met in California June 7-8, 2013. Based on the Montreal Protocol findings regarding ozone layer-depleting emissions, they issued this agreement to reduce the production and consumption of HFCs, to address one aspect of climate change.
The foreign policy of China's newly-installed president, Xi Jinping, is in its infancy, but one variable that has already generated much discussion is the role that Chinese first lady Peng Liyuan might play in shaping China's image abroad.
The costs of China's deep and enduring environmental crisis are growing, yet Beijing's response to the country's environmental challenges has been far from sufficient. Increasingly, the Chinese people are pushing the government to do more to protect the environment, and Beijing must rise to the occasion, says Elizabeth Economy.
Escalating tensions on the peninsula due to North Korea's recent provocations motivate Presidents Xi Jinping and Park Geun-hye to closely coordinate policies toward the North. However, Beijing's shifty stance on sanctions, an increase in Sino-DPRK economic exchanges, and the obstacles to China-South Korea-Japan trilateral cooperation impede North Korea policy alignment between Beijing and Seoul. Still, the willingness of both leaders to improve bilateral relations offers a silver lining, explain CFR's Scott Snyder and See-won Byun of George Washington University.
In preparation for President Xi Jinping and President Barack Obama's meeting in California on June 7-9, Adam Segal writes, "The presidents won't come to any agreements next week, but over the course of the two days, they should try and dispel the growing mistrust by explaining their national interests and intentions in cyberspace."
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.
The author examines Pakistan's complex role in U.S. foreign policy and advocates for a two-pronged approach that works to quarantine threats while integrating Pakistan into the broader U.S. agenda in Asia.