Di­a­logue ses­sion on Sino-US is­sues held in Wash­ing­ton

China Daily (USA) - - ACROSS AMERICA - By DONG LESHUO in Wash­ing­ton [email protected]­nadai­lyusa.com

US and China busi­ness rep­re­sen­ta­tives, for­mer cab­i­net of­fi­cials and think tank ex­perts held day-long dis­cus­sions in Wash­ing­ton on the ma­jor prob­lems in China-US re­la­tions, es­pe­cially on the trade and eco­nomic side.

The dis­cus­sions by more than 30 top of­fi­cials on Tues­day were part of the 11th meet­ing of the USChina CEO and For­mer Se­nior Of­fi­cials’ Di­a­logue, hosted by the US Cham­ber of Com­merce and the China Cen­ter for In­ter­na­tional Eco­nomic Ex­changes (CCIEE). The di­a­logue was cochaired by CCIEE Chair­man and for­mer vice-pre­mier Zeng Peiyan and US Cham­ber Pres­i­dent and CEO Thomas J Dono­hue.

The CEO Di­a­logue is the lead­ing plat­form for lead­ers from the busi­ness com­mu­nity in both coun­tries – sup­ported by both gov­ern­ments – to dis­cuss eco­nomic and com­mer­cial pol­icy is­sues in US-China re­la­tions, in­clud­ing trade, two-way in­vest­ment, in­fras­truc­ture de­vel­op­ment, in­no­va­tion pol­icy, and cy­ber­se­cu­rity.

The di­a­logue oc­curred at a time of un­prece­dented bi­lat­eral trade and in­vest­ment fric­tions, but also fol­lowed the meet­ing on Dec 1 be­tween US Pres­i­dent Don­ald Trump and Chi­nese Pres­i­dent Xi Jin­ping in Buenos Aires, at which the two lead­ers agreed to pause the es­ca­lat­ing cy­cle of tit-for-tat tar­iffs and pur­sue a com­pre­hen­sive and en­dur­ing agree­ment over a 90-day pe­riod that would en­sure the sta­bil­ity of US-China re­la­tions.

“This is an im­por­tant mo­ment when the two coun­tries can de­velop bet­ter re­la­tions. I hope (the re­la­tions) will go smoother and fur­ther,” said Zeng.

Ac­cord­ing to a joint state­ment re­leased at the end of the di­a­logue ses­sion, the par­tic­i­pants said that they held de­tailed break­out ses­sions on crit­i­cal is­sues and op­por­tu­ni­ties in China-US eco­nomic and com­mer­cial re­la­tions, in­clud­ing dis­cus­sion of the strate­gies each coun­try’s com­pa­nies could take to meet the chal­lenges of the cur­rent un­prece­dented level of bi­lat­eral fric­tion.

The state­ment also said the par­tic­i­pants held an open, vig­or­ous dis­cus­sion of pri­or­ity con­cerns, in­clud­ing the neg­a­tive im­pli­ca­tions, bi­lat­eral and global, of the widen­ing dif­fer­ences be­tween the eco­nomic poli­cies and prin­ci­ples un­der­ly­ing the first and sec­ond­largest economies in the world.

“It is im­per­a­tive that we now come to­gether, seize this mo­ment, and cap­i­tal­ize on the pos­i­tive ex­change be­tween our pres­i­dents. Our chal­lenge is to make sure that this is not just a fleet­ing mo­ment, but in­stead an in­flec­tion point – and one that puts us on the path to en­dur­ing progress,” said Dono­hue.

CCIEE and the Cham­ber agreed to hold the 12th meet­ing of the US-China Se­nior and For­mer Of­fi­cial’s Di­a­logue in Bei­jing in 2019, ac­cord­ing to the joint state­ment.

This is an im­por­tant mo­ment when the two coun­tries can de­velop bet­ter re­la­tions.” Zeng Peiyan, for­mer vi­cepremier of China

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