On the economics side: “Trade is taking the main stage at the Strategic and Economic Dialogue between the U.S. and China in Beijing, and both sides are coming away with small victories,” says Asia Society Associate Fellow Sheridan Prasso. “One of the largest delegations of American officials ever to visit Beijing, including many Cabinet secretaries, is urging a more level playing field for U.S. companies -- and it got from China a pledge that policies to promote indigenous innovation will now apply to foreign companies invested in China as well. China, for its part, wants a loosening of U.S. restrictions on high-tech exports – supercomputers, lasers, navigation systems – that can be considered ‘dual use’ for possible military purposes. It received assurances from Commerce Secretary Gary Locke that the less than 1 percent of exports that are restricted would be reviewed over the summer. While the U.S. has been pressing for a revaluation of the Chinese currency, Beijing leaders have put aside the urgency of the yuan debate for now by pledging ‘reform of the exchange-rate formation mechanism’ in the future.”
Sheri is in New York. To arrange an interview, contact the Asia Society communications department at 212-327-9271 or firstname.lastname@example.org.