Building on the success of three rounds of Track II economic dialogues held in partnership with the China Center for Economic Research (CCER), the National Committee convened the dialogue’s fourth meeting in Beijing in July, 2011. The program brings together leading Chinese and American economists and economic thinkers for 1½ days of informal, off-the-record discussions of issues related to U.S.-China economic relations and the global economic system. Mr. Qin Xiao, chairman of the China Merchant Group, led the Chinese delegation; the U.S. side was co-chaired by National Committee Chair Carla Hills and Vice-Chair Maurice R. Greenberg.

Participants in the dialogue (see name list below) engaged in a lively, open and candid discussion that touched on a broad range of subjects including the post-crisis macroeconomic policies of both countries, cross-border investment and trade issues, the internalization and valuation of the RMB, and the need for both market reforms in China and fiscal sustainability in the United States. As with previous sessions of the program, the participants penned a consensus agreement at the conclusion of the dialogue laying out a set of principles that the two countries should adhere to in managing their economic relations. This document will be shared with both governments as they prepare for the next round of the Strategic & Economic Dialogue.

It is interesting to note that, days before the delegation arrived in Beijing, the Chinese Ministry of Finance announced the end of a policy linking government procurement and indigenous innovation, a recommendation that had been offered by the dialogue participants in a previous consensus agreement.

While in Beijing, the American delegation met with several Chinese officials including Zhou Xiaochuan, governor of the People’s Bank of China, and Foreign Minister Yang Jiechi, who hosted a luncheon for the delegation.

For more information on past iterations of the dialogue, please click on the drawer below.

PROGRAM PARTNER