Sino-us Financial Relations

The Sino-U.S. financial relationship is an important component of the overall bilateral ties. In the context of economic gtobalization and vicissitudes of international political and economic pattern, the financial relationship of China and the United States, the "twin engines" fueling the world economy, has gone far beyond bilateral scope, and is increasingly of global significance. In recent years, China and the United States have intensified their macroeconomic policy dialogue, and the bilateral financial relationship has been in the spotlight on the diplomatic front. The growing bilateral financial relationship requires good combination of national financial interests and foreign policies, as well as effective coordination and cooperation of bilateral financial policies.The Sino-U.S. financial relationship is an integral part of the overall bilateral ties. Since the founding of the People's Republic of China, the Sino-U.S. financial relationship has gone through four stages of development from closure to dynamism. JEC and SED are important bonds safeguarding healthy development of the Sino-U.S. financial relationship. With closer economic ties, the role of financial relationship in the bilateral cooperation has become increasingly important. The bilateral financial cooperation has been enriched and gradually institutionalized. Since the launching of the Sino-U.S. Strategic Economic Dialogue in 2006 in particular, the Sino-U.S. financial relationship has been elevated to a strategic level. Economic globalization since the late t990s has become an important external factor for closer Sino-U.S. financial ties, and the deepening connotation of. the Sino-U.S. economic relations is an internal factor stimulating dynamism of the bilateral financial relationship. While more positive factors are contributing to the Sino-U.S. financial cooperation, the American political and economic variables including political reshuffle and trade frictions between China and the U.S. will continue to exert negative impact on the bilateral financial relationship. Whatever difficulties and obstacles that are inflicted on the Sino-U.S. financial relationship in the future, cooperation will still be the mainstay of the bilateral ties. This is not only a necessity to safeguard the fundamental interests of the two countries, but also an inevitable trend of the times.