Engage China News and Activities

ENGAGE CHINA, a coalition of 12 financial services trade associations united in support of high-level engagement between the United States and China with an emphasis on continued financial sector reform in China, submitted a letter to U.S. Treasury Secretary Jack Lew in advance of the seventh round of the U.S.-China Strategic and Economic Dialogue (S&ED) taking place in Washington, DC this week. In the letter, the Coalition described the critical importance of continued accelerated reform and modernization of China’s financial system, including a level playing field for foreign participants in China’s financial services marketplace. Additionally, Engage China called for continued coordination between the two nations as they work to achieve an important, high-level U.S.-China bilateral investment treaty (BIT), as it would yield significant benefits for both the Chinese people and for the American economy.
"In anticipation of the upcoming U.S.-China Strategic and Economic Dialogue (S&ED) meetings in Washington, we write to re-emphasize the critical importance of continued accelerated reform and modernization of China’s financial system, including a level playing field for foreign participants in China’s financial services marketplace. Additionally, we ask you to raise the mounting urgency of addressing threats to cyber and technology security in the context of China’s asserted national security policies."

In the News

GUANGZHOU, China — In their first top-level trade talks since President Obama hosted China’s leader in September, the United States and China said on Monday that they had made progress on sticking points, including preventing the theft of trade secrets and opening the Chinese market more broadly to American multinationals.
Seeking to warm bilateral ties and project a sunny climate for U.S. business, Chinese President Xi Jinping vowed on Wednesday to cut restrictions on foreign investment, while his chief Internet regulator appeared to lay the groundwork for a basic agreement later this week on cyber warfare.