History of the US-China Economic Dialogue
It’s enlightening to look back at discussions between the U.S. and China over the last three decades since the countries re-engaged economically. Listed below is a historical perspective (1996-2011) on U.S. Treasury Department speeches, remarks, and meetings as they relate to US-China economic relations. It’s clearly a one-sided perspective, but interesting nonetheless.
To begin with some very interesting historical perspective, also see Treasury Secretary Blumenthal arrives for 9-day China visit (February 25, 1979) and Kreps is optimistic on trade pact (May 22, 1979) and China trade policy: sell (May 23, 1979) and Chinese-American textile talks reach impasse (May 26, 1979).
- 01/09/1996 – America's Role in Global Economic Integration remarks at Brookings Conference on "Integrating National Economies: The Next Step" – Deputy Secretary of the Treasury Lawrence Summers – Washington, DC
- 08/09/1996 – Treasury Releases Interim Foreign Exchange Report
- 11/10/1996 –Statement on U.S.-China Joint Economic Committee – Secretary Robert E. Rubin
- 05/07/1997 – Hong Kong’s Pivotal Role in Shaping China’s Future – Deputy Treasury Secretary Lawrence H. Summers – Hong Kong Trade Development Council, New York City
- 06/05/1997 – Remarks at the U.S. China Business Council –Treasury Secretary Robert Rubin – Washington, DC
- 09/26/1997 – Remarks at the People’s University –Treasury Secretary Robert E. Rubin – Beijing, China
- 10/23/1997 – Expanding Trade Through Fast-Track Will Raise American Incomes
- 05/26/1998 –11th Session of the China-U.S. Joint Economic Committee – Secretary of the Treasury Robert E. Rubin and Finance Minister Xiang Huaicheng – Washington, DC
- 01/1999 – U.S. Treasury and Federal Reserve Foreign Exchange Operations (July–September 1998)
- 04/09/1999 – Signing of the Customs Mutual Assistance Agreement between China and the United States – Secretary of Treasury Robert Rubin
- 09/08/1999 – "The American Economy: Poised for a New Century" – Secretary of the Treasury Lawrence H. Summers – New York Economic Club
- 09/15/1999 – Annual Report to Congress on International Economic and Exchange Rate Policy (November 1, 1998 to June 30, 1999)
- 10/12/1999 – “The United States and China at the Dawn of a New Century” – Secretary of the Treasury Lawrence H. Summers – Asia Society New York
- 10/25/1999 – “China's Role in the 21st Century Global Economy” – Secretary of the Treasury Lawrence H. Summers – Qinghua University School of Economics and Management Beijing, China
- 10/25/1999 – 12th Session of the China-U.S. Joint Economic Committee – U.S. Treasury Secretary Lawrence Summers and Chinese Finance Minister Xiang Huaicheng – Beijing, China
- 03/21/2000 – “The Case for Normal Trade Relations with China” – U.S. Treasury Secretary Lawrence Summers – Dallas Committee on Foreign Relations – Dallas, TX
- 04/15/2000 – Annual Foreign Exchange Rate Report (2000)
- 10/26/2000 – 13th Session of the China-U.S. Joint Economic Committee – U.S. Treasury Secretary Lawrence Summers and Chinese Finance Minister Xiang Huaicheng – Washington, DC
- 01/15/2001 – 2000 Foreign Exchange Report
- 06/15/2001 – June Update to 2000 Foreign Exchange Report
- 09/05/2001 – Statement on Upcoming Trip to China and Japan – U.S. Treasury Secretary Paul O’Neill – China
- 09/10/2001 – Speech to University of International Business and Economics – U.S. Treasury Secretary Paul O’Neill – Beijing
- 09/11/2001 – 14th Session of the China-U.S. Joint Economic Committee – U.S. Treasury Secretary Paul H. O’Neill and Chinese Finance Minister Xiang Huaicheng – Beijing
- 10/10/2001 – Prepared Remarks before The National Foreign Trade Council – Treasury Secretary O'Neill
- 10/15/2001 – 2001 Annual Foreign Exchange Report
- 04/18/2002 – Keynote Address on Globalization: Spreading the Benefits –Treasury Secretary O'Neill
- 04/24/2002 – Report to Congress on International Economic and Exchange Rate Policies (for the period July 1, 2001 through December 31, 2001)
- 09/09/2002 – 15th Session of the China-U.S. Joint Economic Committee – U.S. Treasury Secretary Paul H. O’Neill and Chinese Finance Minister Xiang Huaicheng – Washington, DC
- 11/12/2002 – Report to Congress on International Economic and Exchange Rate Policies
- 05/06/2003 – Report to Congress on International Economic and Exchange Rate Policies
- 08/18/2003 –Encouraging Economic Growth in Asia – Secretary Snow
- 09/03/2003 – Press Roundtable Transcript – Treasury Secretary Snow – Beijing, China
- 09/05/2003 – Statement at meeting of the Asia-Pacific Economic Cooperation Forum – Secretary Snow
- 10/01/2003 – "China’s Exchange Rate Regime and its Effects on the U.S. Economy" – Under Secretary John B. Taylor
- 10/14/2003 – U.S. Treasury, People's Bank of China Announce Technical Cooperation Agreement – U.S. Treasury Secretary Snow, Chinese Finance Minster Jin Renqing and Governor Zhou Xiaochuan of the People's Bank of China – Beijing, China
- 10/30/2003 – Testimony on U.S.-China Economic Relations – Under Secretary John Taylor
- 04/28/2004 – Statement on U.S.-China Trade Relationship – Treasury Secretary John W. Snow
- 05/11/2004 – Statement – John B. Taylor, Under Secretary of the Treasury for International Affairs – Beijing, China
- 06/08/2004 – Statement on China-CME Foreign Exchange Agreement – Secretary Snow
- 09/09/2004 – Statement on China Currency Petition – Assistant Secretary Nichols
- 10/01/2004 – 16th Session of the U.S.-China Joint Economic Committee – Chinese Finance Minister Jin Renqing, U.S. Treasury Secretary John W. Snow – Washington, DC
- 10/15/2004 – Report to Congress on Intl. Economic & Exchange Rate Policies – Tony Fratto
- 10/21/2004 – Remarks with the New Directions for U.S. Economic Policy towards Japan and China – John B. Taylor, Under Secretary of the Treasury for International Affairs
- 02/04/2005 – Statement on the Meeting of G7 Finance Ministers &Central Bank Governors with Chinese Counterparts
- 07/21/2005 – Statement on China's Currency Reform –Secretary John W. Snow
- 09/14/2005 – Statement on Trade Liberalization – Secretary John W. Snow
- 09/15/2005 – Remarks before the U.S.-China Business Council – Under Secretary of the Treasury Timothy D. Adams
- 10/16/2005 – 17th Session of the U.S.-China Joint Economic Committee – Chinese Finance Minister Jin Renqing, U.S. Treasury Secretary John W. Snow – Beijing
- 11/28/2005 – Statement on Report on International Economic and Exchange Rate Policies – Secretary Snow
- 05/2006 – Report on Exchange Rate Policies
- 09/20/2006 – The Joint Statement between the United States of America and The People’s Republic of China on the Inauguration of the U.S.-China Strategic Economic Dialogue – U.S. Treasury Secretary Paulson and Vice Premier Wu Yi – China
- 12/2006 – Report on Exchange Rate Policies
- 12/14/2006 – The First U.S.-China Strategic Economic Dialogue – Treasury Secretary Henry M. Paulson, Jr. and Vice Premier Wu Yi – Beijing
- 03/07/2007 – On the Growth and Future of China's Financial Markets – Treasury Secretary Henry M. Paulson, Jr. – Shanghai
- 04/30/2007 – U.S.-China Economic Relationship – Secretary Paulson – Washington, DC
- 05/22/2007 – The Second U.S.-China Strategic Economic Dialogue – Treasury Secretary Henry M. Paulson, Jr. and Vice Premier Wu Yi – Washington, DC
- 06/2007 – Report on Exchange Rate Policies
- 06/01/2007 – China Investment Forum – Acting Under Secretary for International Affairs Clay Lowery – New York
- 06/05/2007 – Remarks at the Heritage Foundation Lee Lecture: China and the Strategic Economic Dialogue – Treasury Secretary Henry M. Paulson, Jr. – Washington, DC
- 07/26/2007 – Treasury Statement on Currency Exchange Rate Oversight Reform Act – Washington, DC
- 08/01/2007 – Transcript of Press Roundtable – Secretary Paulson – Beijing
- 09/20/2007 – Remarks Prepared for Delivery at Peking University on Rebalancing the U.S.-China Economic Relationship – Under Secretary McCormick – Beijing
- 10/23/2007 – Remarks on Managing Complexity and Establishing New Habits of Cooperation in U.S.-China Economic Relations at the 2007 George Bush China-U.S. Relations Conference – Secretary Paulson – Washington, DC
- 11/08/2007 – Remarks before the 2007 China Institute Executive Summit on Shared Responsibilities and Shared Benefits in U.S.-China Economic Relations – Secretary Henry M. Paulson, Jr.
- 11/14/2007 – Remarks at Qinghua University Entitled Establishing New Habits of Cooperation in U.S.-China Economic Relations – Ambassador Alan F. Holmer – Beijing
- 11/29/2007 – Remarks at the Southern Center for International Studies on Establishing New Habits of Cooperation in U.S.-China Economic Relations – Ambassador Holmer – US
- 12/2007 – Report on Exchange Rate Policies
- 12/05/2007 – Remarks on Maintaining Forward Momentum in U.S.-China Economic Relations before The Asia Society – Secretary Henry M. Paulson, Jr.– Washington, DC
- 12/13/2007 – The Third Cabinet-Level Meeting of the U.S.-China Strategic Economic Dialogue – Secretary Paulson and China's Vice Premier Wu Yi – Beijing
- 01/30/2008 – Remarks at the Council on Foreign Relations U.S.-China Economic Engagement: The Road to Faster, Deeper Reform – Treasury Under Secretary for International Affairs David H. McCormick – New York
- 02/07/2008 – Statement before the U.S.-China Economic and Security Review Commission – Deputy Assistant Secretary Robert Dohner – Washington, DC
- 03/14/2008 – Remarks at the Symposium of the Bretton Woods Committee on China –Treasury Deputy Assistant Secretary Mark Sobel – Washington, DC
- 05/09/2008 – Remarks on Global Financial Turmoil and its Implications for China – Treasury Under Secretary for International Affairs David McCormick – Shanghai
- 05/21/2008 – The U.S.-China Strategic Economic Dialogue: Sustaining Economic Growth – Special Envoy for China and the Strategic Economic Dialogue Alan Holmer – Wuhan, China
- 06/10/2008 – Paulson to Speak on US-China Economic Relations –Treasury Secretary Henry M. Paulson, Jr. –Washington, DC
- 06/17/2008 – Fourth Meeting of the US- China Strategic Economic Dialogue –Treasury Secretary Henry M. Paulson, Jr. and Vice Premier Wang Qishan –Washington, DC
- 10/21/2008 – Remarks on China and the Global Economy to the National Committee on U.S.-China Relations – Secretary Henry M. Paulson, Jr. – New York
- 11/05/2008 – Remarks on the Future of U.S.-China Economic Relations at The Johns Hopkins University-Nanjing University Center for Chinese and American Studies – Special Envoy for China and the Strategic Economic Dialogue Alan Holmer – Nanjing
- 12/5/2008 – The Fifth U.S.-China Strategic Economic Dialogue – Treasury Secretary Henry M Paulson, Jr. and Vice Premier Wang Qishan – Beijing
- 12/10/2008 – Treasury Releases Report on Exchange Rate Policies
- 03/11/2009 – Meeting to discuss the Strategic and Economic Dialogue and issues related to the upcoming G-20 Ministerial meeting –U.S. Treasury Secretary Tim Geithner and Chinese Foreign Minister Yang Jiechi – Washington, DC
- 06/01/2009 – The United States and China, Cooperating for Recovery and Growth The United States and China, Cooperating for Recovery and Growth – Treasury Secretary Timothy F. Geithner – Beijing
- 07/06/2009 – Travel to China, Hong Kong – Under Secretary Levey
- 07/27/2009 – Op-Ed: A New Strategic and Economic Dialogue with China; Few global problems can be solved by either country alone – By Hillary Clinton and Timothy Geithner
- 07/28/2009 – First Cabinet-level Meeting of Economic Track of U.S.-China Strategic and Economic Dialogue – Treasury Secretary Timothy Geithner and China's Vice Premier Wang Qishan – Washington, DC
- 10/15/2009 – Treasury Releases Semi-Annual Report to Congress on International Economic and Exchange Rate Policies
- 11/17/2009 – U.S.-China Joint Statement – President Obama and President Hu – Beijing
- 04/03/2010 – Statement on the Report to Congress on International Economic and Exchange Rate Policies – Secretary Geithner
- 04/08/2010 – Readout of Secretary Geithner's Meeting with Vice Premier Wang Qishan – U.S. Treasury Secretary Tim Geithner and Chinese Vice Premier Wang Qishan – Beijing
- 05/24/2010 – 2nd Meeting of the U.S.-China Strategic & Economic Dialogue - Economic Track –U.S. Treasury Secretary Tim Geithner and Chinese Vice Premier Wang Qishan – Beijing
- 06/10/2010 – Testimony before the Senate Finance Committee – Treasury Secretary Timothy F. Geithner – Washington, DC
- 06/19/2010 – Statement – Secretary Geithner
- 07/08/2010 – Treasury Releases Semi-Annual Report to Congress - International Economic and Exchange Rate Policies
- 09/16/2010 – Testimony on China's Currency Policies and the U.S.-China Economic Relationship Before the Senate Banking, Housing, and Urban Affairs and House Ways and Means Committees – Treasury Secretary Timothy F. Geithner Washington, DC
- 10/15/2010 – Treasury Department Statement Regarding Decision to Delay The International Economic and Exchange Rate Policies Report to Congress – Treasury Secretary Timothy F. Geithner – Washington, DC
- 01/12/2011 – Remarks on "The Path Ahead for the U.S.-China Economic Relationship” – Treasury Secretary Timothy F. Geithner –Washington, DC
- 01/21/2011 – Remarks to the Council on Foreign Relations – Under Secretary Lael Brainard – Washington, DC
- 01/20/2011 – Remarks on “The Transatlantic Relationship and the G-20” – Assistant Secretary Charles Collyns – The German Marshall Fund of the United States
- 02/04/2011 – Semi-Annual Report to Congress on International Economic and Exchange Rate Policies – Washington, DC
- 02/10/2011 – Remarks at the U.S.-China Business Council’s “Forecast 2011” Conference – Under Secretary for International Affairs Lael Brainard – Washington, DC
- 03/03/2011 – Written Testimony before the Senate Foreign Relations Committee – Secretary Timothy Geithner – Washington, DC
- 03/30/2011 – Statement at the “High-level Seminar on the International Monetary System” – Secretary Timothy Geithner – Nanjing, China
- 04/08/2011 – Treasury Department Statement Regarding Decision to Delay Semi-Annual Report to Congress on International Economic and Exchange Rate Policies –Washington, DC
- 05/03/2011 – Remarks at a Discussion on the Upcoming U.S.-China Strategic and Economic Dialogue – Secretary Timothy Geithner – Washington, DC
- 05/09/2011 – Remarks at the 2011 U.S.-China Strategic and Economic Dialogue (S&ED) Opening Session – Secretary Timothy Geithner – Washington, DC
- 05/09/2011 – Remarks at the 2011 U.S.-China Strategic and Economic Dialogue (S&ED) Economic Track Opening Session – Secretary Timothy Geithner – Washington, DC
My biggest takeaway from these is that, even in 1979, many of the “talking points” in policymakers’ speeches (both American and Chinese) are very similar as they are today. What are your takeaways? Share your thoughts below.
