China Finance 40 Forum (CF40) and Peterson Institute for International Economics (PIIE) held the China-US Economists Symposium on US and China: Systemic Responsibilities for the Global Economy in Beijing, on April 28th. [Photo Source: CRIENGLISH.com]

CRI's Autumn Szeliga speaks to Geng Xiao, Director of Research and Senior Fellow with the Fung Global Institute based in Hong Kong, in Beijing on April 28th.  [Photo Source: CRIENGLISH.com]

 

The fourth-round of the China-US Strategic and Economic Dialogue, or S&ED, an annual event designed to be a main engagement platform for the world's two largest economies, is being staged in Beijing on Thursday. At a time when both sides are undergoing sensitive political transitions, the dialogue can play a crucial role in enhancing communication and avoiding possible disturbances.

The main issues up for discussion during the two-day talks will include such topics as ways to achieve robust, sustainable and balanced development, expand two-way trade and investment opportunities, and find a viable path to stabilize and reform the global financial market. Chinese Vice Premier Wang Qishan and State Councilor Dai Bingguo will preside over the talks, while, on the US side, US Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner will co-chair the event.

So what can both China and the US do to rise above their differences and arrive at a win-win scenario that benefits the two sides? And what efforts need to be made in order for the Chinese currency to go international?

Ni hao, you're listening to  People In the Know, bringing you insights into the headline news in China and around the world, I'm Zheng Chenguang in Beijing. In this edition of the program, we are taking a look at the fourth China-US Strategic and Economic Dialogue.

We speak to Nicholas Lardy, Senior Fellow at the Peterson Institute for International Economics in the US and Xiao Geng, Director of Research and Senior Fellow with the Fung Global Institute based in Hong Kong.