Conversation with U.S. Treasury Secretary Jacob J. Lew on the 2014 U.S.-China Strategic & Economic Dialogue
Join the US-China Business Council (USCBC) for a conversation with U.S. Treasury Secretary Jacob J. Lew on the current state of the U.S.-China economic relationship and priorities for the sixth Strategic and Economic Dialogue in Beijing the following week. The Wall Street Journal’s Sudeep Reddy will moderate the discussion.
As the President’s Special Representative for the Economic Track, Secretary Lew leads the economic side of the Dialogue for the United States, with Chinese Vice Premier Wang Yang as his counterpart. The event is open to the press.
8:15-8:30 am Registration
8:30-9:30 am Program
As space will be limited, RSVPs will be taken first-come, first-served, and only one participant per member company will be admitted. This event is for members and invited guests of USCBC. Registration is required.
On July 1, 2014, the US-China Business Council (USCBC) hosted a conversation with US Treasury Secretary Jacob J. Lew on the current state of the US-China economic relationship and priorities for the sixth Strategic and Economic Dialogue (S&ED) in Beijing this week. As the President’s Special Representative for the Economic Track, Secretary Lew led the economic side of the Dialogue for the United States, with Chinese Vice Premier Wang Yang as his counterpart. Issues discussed at the program included the following.
- In a USCBC-hosted conversation with The Wall Street Journal’s Sudeep Reddy, Secretary Lew noted that despite recent bumps in the relationship, such as China’s reaction to US indictments of Chinese officials for commercial espionage, both the United States and China remain committed to a strong commercial relationship and are looking ahead to robust discussions in this week’s S&ED
- For the US side, investment and market access are top issues. While last year's bilateral investment treaty (BIT) deliverable was an important marker of progress, it is a long-term mechanism, and China should be acting quickly to promote reform as the pace of change has been slow. The first negative list for the Shanghai Free Trade Zone (FTZ) was a good example of the challenge: the conceptual shift to a negative list is a step in the right direction, but China merely relisted all of its existing restrictions. The 2014 negative list, just released, shows little progress on areas of interest to companies so far, though some openings on services.
- Other top Treasury priorities for the S&ED include currency, IP protection, and market access/licensing issues.
- On cybersecurity issues, the US is committed to making progress on these issues and continues to message that the two sides need to engage on this actively and regularly.
A full video recording of the webcasted program is available on USCBC’s website.