06 June 2016

News Story: 2016 China-U.S. dialogue is of "quintet" significance

writers Zhu Lei, Qi Zijian

NEW YORK, June 5 (Xinhua) -- Senior Chinese and U.S. officials will gather on Monday and Tuesday in Beijing for an annual high-level dialogue that involves the most agencies and covers the widest range of issues under the bilateral relationship.

The eighth Strategic and Economic Dialogue (S&ED), which will be held in parallel with the seventh High-Level Consultation on People-to-People Exchange (CPE), is of "quintet" significance as it takes place in a crucial year in which the United States is holding presidential elections and China is to host the Group of 20 (G20) summit.

Firstly, the dialogue will help implement the consensus reached by the presidents of the two countries, enhance strategic communication and advance mutually beneficial cooperation, and explore ways to boost cooperation to benefit both the two countries and the world at large.

Secondly, the dialogue will provide an opportunity for the world's two largest economies to coordinate policies before the G20 summit scheduled to be held in the east Chinese city of Hangzhou in September.

Bilateral coordination on economic polices and resultant better multilateral coordination would produce important results.

Chinese Foreign Minister Wang Yi said last week that the G20 summit will "focus on the core challenges and prominent problems encountered by the world economy" as China will stick to the problem-oriented principle.

Read the full story at Xinhua