Since 2010, this semi-annual Track II dialogue has brought together leading American and Chinese economists, economic thinkers, and business leaders for a day and a half of off-the-record discussions on important issues related to bilateral economic relations and the global economic system.
Participants in the dialogue engage in lively, sophisticated, and candid discussions that touch on a broad range of subjects, including macroeconomic trends in China and the United States, each country’s reform initiatives, trade and investment relations, medium- to longer-term growth prospects, and collaborative pathways to build trust and improve U.S.-China economic relations.
At the conclusion of each session, the expert participants write meeting notes or a consensus document, laying out a set of principles and policies to which the two countries should adhere in managing their economic relations. The National Committee shares this document with relevant agencies and offices in both governments. Upon conclusion of U.S.-based talks, the Chinese delegation travels from New York City to Washington, D.C., for a day of meetings with senior officials at the Departments of State, Treasury, and Commerce; the National Security Council; and other agencies. The meetings provide an opportunity for each side to discuss developments in economic conditions, policy directions, and government-to-government relations. Similarly, after sessions in Beijing, the American team usually has meetings with officials at the Ministry of Foreign Affairs, the National Development and Reform Commission, People’s Bank of China, and the International Monetary Fund office.
2024 U.S.-China Track II Economic Dialogue
November 17 – 21, 2024
Beijing, China
The National Committee on U.S.-China Relations and the China Center for Economic Research of Peking University convened the 29th session of the U.S.-China Track II Economic Dialogue in Beijing on November 17-21, 2024. American and Chinese economists, professors, and industry experts discussed the economic outlook in both countries, prospects for U.S.-China trade and economic relations in 2025, and the future of U.S.-China cleantech investment. This year, Ambassador and NCUSCR Chair Charlene Barshefsky led the U.S. team, while Executive Director of the Shanghai Finance Institute Tu Guangshao led the Chinese team. Following the two days of dialogue, the U.S. team visited relevant Chinese government offices, including the People’s Bank of China and the Ministry of Finance, as well as China International Capital Corporation and the China Institute of Financial and Capital Markets, to exchange views on China’s economic situation, fiscal policies, and U.S.-China economic relations.
April 15 & 16, 2024
New York City and Washington, D.C.
The National Committee on U.S.-China Relations and the China Center for Economic Research convened the 28th session of the U.S.-China Track II Economic Dialogue in New York and Washington, D.C., in April. The Dialogue brought together American and Chinese economic experts, academics, industry leaders, and others for two days of off-the-record discussions. Participants discussed the current state of the economy in the United States and China, prospects for U.S.-China trade and economic relations, the future of bilateral economic coexistence, and possible areas of cooperation. They shared thoughtful, candid, and substantive insights and comments. Following the Dialogue, the Chinese team travelled to Washington, D.C. and met with officials from the Departments of Commerce, Treasury, and State, as well as the National Economic Council and the Office of the U.S. Trade Representative. They also met with scholars at the Brookings Institution and the Peterson Institute for International Economics. The two sides are drafting meeting notes to reflect the major points of discussion and suggestions that emerged from the Dialogue.
2023 U.S.-China Track II Economic Dialogue
October 9 & 10, 2023
Beijing, China
The U.S.-China Track II Economic Dialogue convened in person in Beijing in October 2023. The American delegation traveled to China for the first time since the start of the COVID-19 pandemic in early 2020. Leading American and Chinese economists, business leaders, and experts held off-the-record discussions on critical issues in the bilateral economic and trade relationship in the context of global economic developments. The Americans also met with senior Chinese government officials at the Ministry of Foreign Affairs, the Ministry of Commerce, the Development Research Center of the State Council, as well as with former officials from People’s Bank of China and the National Development and Reform Commission. The team also visited the International Monetary Fund office in Beijing and China International Capital Corporation for informative and constructive meetings.
January 9 & 10, 2023
New York and Washington, D.C.
Participants in the U.S.-China Track II Economic Dialogue, co-hosted by the National Committee on U.S.-China Relations and the National School of Development at Peking University, gathered in New York on January 9th and 10th, 2023 for the 26th round of the Dialogue. This was the first in-person meeting of the group since the onset of the COVID-19 pandemic three years ago. Participants discussed the 2023 economic outlook given China’s recent repeal of the zero-COVID policy, heightened distrust in trade relations, and the impact of rising inflation.
Participants from both countries wrote meeting notes which were circulated to both governments with policy suggestions.
2022 U.S.-China Track II Economic Dialogue
July 25 & 28, 2022
Virtual
The National Committee on U.S.-China Relations and the China Center for Economic Research, Peking University, hosted the 25th iteration of the Economic Dialogue in July 2022. The Dialogue brought together U.S. and Chinese experts for off-the-record conversations about economic relations, trade conflicts, macroeconomic challenges, and other economic issues. NCUSCR Board Director and Ambassador Carla Hills led the American delegation; Qin Xiao, former chairman of the China Merchants Group, led the Chinese delegation. After the meetings, the two sides published notes which were circulated to both governments with constructive and practical policy suggestions.
January 18 & 19, 2022
Virtual
The National Committee on U.S.-China Relations and the China Center for Economic Research, Peking University, hosted the 24th iteration of this economic dialogue in January of 2022. As in the past, NCUSCR Board Director and Ambassador Carla Hills led the American Delegation while Qin Xiao, former chairman of the China Merchants Group, led the Chinese Delegation. The Dialogue brought together U.S. and Chinese experts for off-the-record conversations about prospects for 2022 economic relations, the threat of more trade conflicts, and risks associated with more decoupling. Following the meeting, participants wrote up meeting notes which were circulated to both governments with constructive and practical policy suggestions.
2021 U.S.-China Track II Economic Dialogue
August 11 & 13, 2021
Virtual
The National Committee on U.S.-China Relations and the China Center for Economic Research, Peking University, hosted the 23rd iteration of this Economic Dialogue in August of 2021 virtually. The Dialogue brought together U.S. and Chinese experts who engaged in in-depth conversations about 2021 economic relations, trade conflicts, the risk of more decoupling, and other economic issues. NCUSCR Board Director and Ambassador Carla Hills led the American Delegation while Qin Xiao, former chairman of the China Merchants Group, led the Chinese Delegation. The two sides published meeting notes which were circulated to both governments with constructive and practical policy suggestions.
2020 U.S.-China Track II Economic Dialogue
December 9 & 10, 2020
Virtual
The National Committee on U.S.-China Relations and the China Center for Economic Research, Peking University, hosted the 22nd iteration of this Economic Dialogue in December of 2020. Due to the COVID-19 pandemic, the participants met virtually again. The Dialogue brought together American and Chinese experts, led by NCUSCR Board Director and Ambassador Carla Hills and Qin Xiao, former chairman of the China Merchants Group, respectively. The two sides met for off-the-record conversations about economic outlook and policy prospects in COVID-19 and post COVID-19 environments, U.S.-China trade relations under incoming U.S. President Biden, and other bilateral economic issues.
As in earlier years, the two sides published meeting notes with policy suggestions which were circulated to both governments.
July 20 & 21, 2020
Virtual
The National Committee on U.S.-China Relations and the China Center for Economic Research, Peking University, hosted the 21st iteration of this Economic Dialogue in July of 2020. For the first time, the participants met virtually due to the COVID-19 pandemic. The Dialogue brought together U.S. and Chinese experts for off-the-record conversations. The two sides discussed economic recovery in China and the United States amid the COVID-19 pandemic, the possibility of future decoupling, and how the upcoming U.S. presidential elections might affect U.S.-China economic relations. NCUSCR Board Director and Ambassador Carla Hills led the American Delegation while Qin Xiao, former chairman of the China Merchants Group, led the Chinese Delegation.
The participants wrote up meeting notes which were circulated to both governments.
January 10, 2020
New York and Washington, D.C.
The National Committee on U.S.-China Relations and the China Center for Economic Research, Peking University, hosted the 20th iteration of the dialogue in January 2020. American and Chinese experts held off-the-record conversations about the economic outlook for 2020, the ongoing U.S.-China trade war and relevant agreements, and other macroeconomic challenges. NCUSCR Board Director and Ambassador Carla Hills led the American delegation while Qin Xiao, former chairman of the China Merchants Group, led the Chinese delegation.
Participants from both sides drafted internal meeting notes which were circulated to both governments.
2019 U.S.-China Track II Economic Dialogue
July 10 & 11, 2019
Beijing, China
The National Committee on U.S.-China Relations and the China Center for Economic Research, Peking University, hosted the 19th iteration of this economic dialogue in July 2019. Experts from the United States and China discussed U.S.-China trade relations, economic challenges, and the future of U.S.-China economic coexistence. Carla Hills, NCUSCR board director and former ambassador, led the American delegation. Qin Xiao, former chairman of the China Merchants Group, led the Chinese delegation.
The two sides wrote internal meeting notes which were circulated to both governments.
November 17 – 21, 2024
Beijing, China
The National Committee on U.S.-China Relations and the China Center for Economic Research of Peking University convened the 29th session of the U.S.-China Track II Economic Dialogue in Beijing on November 17-21, 2024. American and Chinese economists, professors, and industry experts discussed the economic outlook in both countries, prospects for U.S.-China trade and economic relations in 2025, and the future of U.S.-China cleantech investment. This year, Ambassador and NCUSCR Chair Charlene Barshefsky led the U.S. team, while Executive Director of the Shanghai Finance Institute Tu Guangshao led the Chinese team. Following the two days of dialogue, the U.S. team visited relevant Chinese government offices, including the People’s Bank of China and the Ministry of Finance, as well as China International Capital Corporation and the China Institute of Financial and Capital Markets, to exchange views on China’s economic situation, fiscal policies, and U.S.-China economic relations.
April 15 & 16, 2024
New York City and Washington, D.C.
The National Committee on U.S.-China Relations and the China Center for Economic Research convened the 28th session of the U.S.-China Track II Economic Dialogue in New York and Washington, D.C., in April. The Dialogue brought together American and Chinese economic experts, academics, industry leaders, and others for two days of off-the-record discussions. Participants discussed the current state of the economy in the United States and China, prospects for U.S.-China trade and economic relations, the future of bilateral economic coexistence, and possible areas of cooperation. They shared thoughtful, candid, and substantive insights and comments. Following the Dialogue, the Chinese team travelled to Washington, D.C. and met with officials from the Departments of Commerce, Treasury, and State, as well as the National Economic Council and the Office of the U.S. Trade Representative. They also met with scholars at the Brookings Institution and the Peterson Institute for International Economics. The two sides are drafting meeting notes to reflect the major points of discussion and suggestions that emerged from the Dialogue.
2023 U.S.-China Track II Economic Dialogue
October 9 & 10, 2023
Beijing, China
The U.S.-China Track II Economic Dialogue convened in person in Beijing in October 2023. The American delegation traveled to China for the first time since the start of the COVID-19 pandemic in early 2020. Leading American and Chinese economists, business leaders, and experts held off-the-record discussions on critical issues in the bilateral economic and trade relationship in the context of global economic developments. The Americans also met with senior Chinese government officials at the Ministry of Foreign Affairs, the Ministry of Commerce, the Development Research Center of the State Council, as well as with former officials from People’s Bank of China and the National Development and Reform Commission. The team also visited the International Monetary Fund office in Beijing and China International Capital Corporation for informative and constructive meetings.
January 9 & 10, 2023
New York and Washington, D.C.
Participants in the U.S.-China Track II Economic Dialogue, co-hosted by the National Committee on U.S.-China Relations and the National School of Development at Peking University, gathered in New York on January 9th and 10th, 2023 for the 26th round of the Dialogue. This was the first in-person meeting of the group since the onset of the COVID-19 pandemic three years ago. Participants discussed the 2023 economic outlook given China’s recent repeal of the zero-COVID policy, heightened distrust in trade relations, and the impact of rising inflation.
Participants from both countries wrote meeting notes which were circulated to both governments with policy suggestions.
2022 U.S.-China Track II Economic Dialogue
July 25 & 28, 2022
Virtual
The National Committee on U.S.-China Relations and the China Center for Economic Research, Peking University, hosted the 25th iteration of the Economic Dialogue in July 2022. The Dialogue brought together U.S. and Chinese experts for off-the-record conversations about economic relations, trade conflicts, macroeconomic challenges, and other economic issues. NCUSCR Board Director and Ambassador Carla Hills led the American delegation; Qin Xiao, former chairman of the China Merchants Group, led the Chinese delegation. After the meetings, the two sides published notes which were circulated to both governments with constructive and practical policy suggestions.
January 18 & 19, 2022
Virtual
The National Committee on U.S.-China Relations and the China Center for Economic Research, Peking University, hosted the 24th iteration of this economic dialogue in January of 2022. As in the past, NCUSCR Board Director and Ambassador Carla Hills led the American Delegation while Qin Xiao, former chairman of the China Merchants Group, led the Chinese Delegation. The Dialogue brought together U.S. and Chinese experts for off-the-record conversations about prospects for 2022 economic relations, the threat of more trade conflicts, and risks associated with more decoupling. Following the meeting, participants wrote up meeting notes which were circulated to both governments with constructive and practical policy suggestions.
2021 U.S.-China Track II Economic Dialogue
August 11 & 13, 2021
Virtual
The National Committee on U.S.-China Relations and the China Center for Economic Research, Peking University, hosted the 23rd iteration of this Economic Dialogue in August of 2021 virtually. The Dialogue brought together U.S. and Chinese experts who engaged in in-depth conversations about 2021 economic relations, trade conflicts, the risk of more decoupling, and other economic issues. NCUSCR Board Director and Ambassador Carla Hills led the American Delegation while Qin Xiao, former chairman of the China Merchants Group, led the Chinese Delegation. The two sides published meeting notes which were circulated to both governments with constructive and practical policy suggestions.
2020 U.S.-China Track II Economic Dialogue
December 9 & 10, 2020
Virtual
The National Committee on U.S.-China Relations and the China Center for Economic Research, Peking University, hosted the 22nd iteration of this Economic Dialogue in December of 2020. Due to the COVID-19 pandemic, the participants met virtually again. The Dialogue brought together American and Chinese experts, led by NCUSCR Board Director and Ambassador Carla Hills and Qin Xiao, former chairman of the China Merchants Group, respectively. The two sides met for off-the-record conversations about economic outlook and policy prospects in COVID-19 and post COVID-19 environments, U.S.-China trade relations under incoming U.S. President Biden, and other bilateral economic issues.
As in earlier years, the two sides published meeting notes with policy suggestions which were circulated to both governments.
July 20 & 21, 2020
Virtual
The National Committee on U.S.-China Relations and the China Center for Economic Research, Peking University, hosted the 21st iteration of this Economic Dialogue in July of 2020. For the first time, the participants met virtually due to the COVID-19 pandemic. The Dialogue brought together U.S. and Chinese experts for off-the-record conversations. The two sides discussed economic recovery in China and the United States amid the COVID-19 pandemic, the possibility of future decoupling, and how the upcoming U.S. presidential elections might affect U.S.-China economic relations. NCUSCR Board Director and Ambassador Carla Hills led the American Delegation while Qin Xiao, former chairman of the China Merchants Group, led the Chinese Delegation.
The participants wrote up meeting notes which were circulated to both governments.
January 10, 2020
New York and Washington, D.C.
The National Committee on U.S.-China Relations and the China Center for Economic Research, Peking University, hosted the 20th iteration of the dialogue in January 2020. American and Chinese experts held off-the-record conversations about the economic outlook for 2020, the ongoing U.S.-China trade war and relevant agreements, and other macroeconomic challenges. NCUSCR Board Director and Ambassador Carla Hills led the American delegation while Qin Xiao, former chairman of the China Merchants Group, led the Chinese delegation.
Participants from both sides drafted internal meeting notes which were circulated to both governments.
2019 U.S.-China Track II Economic Dialogue
July 10 & 11, 2019
Beijing, China
The National Committee on U.S.-China Relations and the China Center for Economic Research, Peking University, hosted the 19th iteration of this economic dialogue in July 2019. Experts from the United States and China discussed U.S.-China trade relations, economic challenges, and the future of U.S.-China economic coexistence. Carla Hills, NCUSCR board director and former ambassador, led the American delegation. Qin Xiao, former chairman of the China Merchants Group, led the Chinese delegation.
The two sides wrote internal meeting notes which were circulated to both governments.
2019 U.S.-China Track II Economic Dialogue
January 2019 Consensus Agreement (PDF)
2018 U.S.-China Track II Economic Dialogue
January 2018 Consensus Agreement (PDF)
2017 U.S.-China Track II Economic Dialogue
January 2017 Consensus Agreement (PDF)
June 2017 Consensus Agreement (PDF)
2016 U.S.-China Track II Economic Dialogue
January 2016 Consensus Agreement (PDF)
2015 U.S.-China Track II Economic Dialogue
January 2015 Consensus Agreement (PDF)
June 2015 Consensus Agreement (PDF)
2014 U.S.-China Track II Economic Dialogue
January 2014 Consensus Agreement (PDF)
July 2014 Consensus Agreement (PDF)
2013 U.S.-China Track II Economic Dialogue
January 2013 Consensus Agreement (PDF)
June 2013 Consensus Agreement (PDF)
2012 U.S.-China Track II Economic Dialogue
March 2012 Consensus Agreement (PDF)
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