The China-US Track II Economic Dialogue 2019 jointly organized by the National School of Development (NSD) at Peking University (China Center for Economic Research) and the National Committee on US–China Relations was held at the Beijing Kerry Centre on July 10 and 11, 2019, bringing together Chinese and American representatives from political, business and academic circles to frankly and fully exchange in-depth ideas on hot issues concerning the two countries.

Prominent attendees from the US included Ms. Carla Hill, Co-Chair of the National Committee on US-China Relations and former US Trade Representative, Mr. Stephen Orlins, President of the National Committee on US–China Relations and member of the Council on Foreign Relations, Mr. Robert Dohner, Former Assistant Secretary for Asia at US Treasury, Mr. Steve Roach, Former Chairman of Morgan Stanley Asia and Senior Fellow at Yale University, Mr. Barry Naughton, economist and professor from the University of California, San Diego, Professor Kim Schoenholtz, from New York University Stern School of Business and Stern Center, and Mr. Jeffrey Shafer, from Federal Reserve Bank of New York and member of the US Council of Economic Advisers.

Ms. Carla Hill, Co-Chair of the National Committee on US-China Relations and former US Trade Representative

Mr. Stephen Orlins, President of the National Committee on US–China Relations and member of the Council on Foreign Relations

Representatives from China included Dr. Qin Xiao, Former Chairman of China Merchants Group and China Merchants Bank, also the President of Chinese delegation, Professor Yao Yang, Dean of the NSD, Professor Huang Yiping, Deputy Dean of the NSD, Professor Lu Feng of the NSD, Professor Zha Daojiong from the School of International Studies, Peking University, Dr. Huang Haizhou, Managing Director of China International Capital Corporation (CICC), Dr. Liang Hong, Head of Research Department of CICC, Dr. Xu Gao, Chief Economist and Executive Assistant of BOC International (China), Dr. Hu Yifan, Managing Director, Greater China Chief Investment Officer and China Chief Economist at UBS Wealth Management, and Mr. Xiang Songzuo, professor from the School of Finance, Deputy Director and Council Member of International Monetary Institute (IMI), Renmin University of China.

Dr. Qin Xiao, Former Chairman of China Merchants Group and China Merchants Bank （President of Chinese delegation）

Professor Yao Yang, Dean of the NSD

Professor Huang Yiping, Deputy Dean of the NSD

The representatives from the two sides exchanged views on the economic environment in China and US, gave a detailed analysis on the ongoing China-US trade war and the likely consequences and explored possible solutions and schemes to deal with such issues. Besides, the meeting also touched on the issues regarding the development and disputes between China and the US in the field of state-of-the-art science and technology.

Professor Lu Feng of the NSD (right)
Mr. Robert Dohner, Former Assistant Secretary for Asia at US Treasury (left)

On the morning of 12th July, the representatives from the two sides had a talk with Yi Gang, the Governor of the People’s Bank of China, at the the People’s Bank of China, which deepened American representatives’ understanding of China’s current macro regulation and economic environment. In addition, they visited China Center for International Economic Exchanges (CCIEE) and had a discussion on China’s foreign exchanges with scholars such as the Chief Economist of the CCIEE Chen Wenling.

At China Center for International Economic Exchanges (CCIEE)

Discussion at the CCIEE

The bi-annual China-US Economic Dialogue was firstly launched in January 2010 and was alternatively held in New York and Beijing. The scholars, business leaders and other participants from China and the US discuss a wide range of mid-and long-term issues such as China-US financial and trade relations and the impacts on global economic landscape. The event aims to help the academic and business circles better share the fruits produced by government-to-government dialogues between the two countries and enhance the mutual understanding and trust between the peoples from both countries. The dialogue outcomes will be submitted to relevant departments of the two countries as reference for governments' decision-making.