Ashlyn Anderson, Lincoln Davidson, Lauren Dickey, Darcie Draudt, William Piekos, and Ariella Rotenberg look at the top stories in Asia today.
1. U.S. and China meet in Washington, DC, for annual Strategic and Economic Dialogue (S&ED). The talks, coming at a time of high tension between the two countries, managed to steer clear of acrimonious charges. The U.S. State Department highlighted 127 issues the two sides agreed upon at the S&ED, but agreements on China’s actions in the South China Sea and conflicting accusations of harmful activity in cyberspace were conspicuously absent. While both sides vowed to continue discussing a potential bilateral investment treaty, little was achieved on the economic side beyond platitudes about the importance of the US$590 billion of annual trade between the two countries. On a more positive note, U.S. Treasury Secretary Jack Lew announced that China promised to limit currency interventions, a small victory in Treasury’s long fight to get China to liberalize the yuan. Moving forward, more dialogue between the two countries will be necessary to keep the relationship constructive; hopefully Chinese President Xi Jinping’s visit to Washington in September will help with that. Read more »