By Yang Jiechi, June 22, 2015, published in Foreign Policy.

The seventh round of the U.S.-China Strategic and Economic Dialogue (S&ED) will be held in Washington, D.C., between June 23 and 24.

The mechanism of the S&ED was first established in 2009. Over the last six years, especially since 2013 when President Xi Jinping and President Barack Obama reached agreement on China and the United States working together to build a new model of major-country relationship, this mechanism has kept growing in depth and covered more and more areas in bilateral relations. With over 700 deliverables achieved so far, this mechanism is playing an increasingly positive role in bringing about closer exchanges and cooperation between China and the United States.

Today, China and the United States maintain close communication and cooperation in a wide range of areas concerning peace and the development of humanity.

The two countries have increasingly close and effective cooperation in combating terrorism, preventing the spread of weapons of mass destruction, seeking solutions to regional hotspot issues, fighting transnational crimes, and containing the outbreak of epidemics.

In 2014, two-way trade and investment stock registered record figures, driving employment and economic growth in both countries. The two economies, contributing 27.8 percent and 15.3 percent respectively to the global economy, have become two main engines propelling global economic growth.

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