This timeline of US-China relations provides an overview of key events and meetings under the Biden administration as of January 2024. It aims to offer a neutral perspective on bilateral interactions between the two nations.
January 19, 2024: Third Meeting of the Financial Working Group
Officials from the US Treasury Department and the People’s Bank of China (PBOC) held the third Financial Working Group (FWG) meeting in Beijing from January 18 to 19, 2024. This marked the first FWG meeting to take place in China. The meetings were co-chaired by representatives from both countries and involved discussions on various topics, including climate stress testing, resolution planning frameworks for Global Systemically Important Banks (G-SIBs), financial stability, capital markets, sustainable finance, cross-border payments, data, and anti-money laundering efforts.
During their visit to Beijing, the US Treasury delegation also met with Chinese Vice Premier He Lifeng. He expressed China’s willingness to foster healthy and stable bilateral relations, citing progress made during a previous meeting between President Biden and President Xi.
January 8-9, 2024: US-PRC Defense Policy Coordination Talks
Senior US and Chinese defense officials convened for the 2024 US-PRC Defense Policy Coordination Talks, which took place at the Pentagon from January 8 to 9, 2024. These talks resumed in December 2023 after a suspension lasting over a year. The discussions involved Dr. Michael Chase, Deputy Assistant Secretary of Defense for China, Taiwan, and Mongolia, and Major General Song Yanchao, Deputy Chief of the Office for International Military Cooperation of China’s Central Military Commission.
Both sides expressed their willingness to enhance bilateral military relations and collaborate on significant defense matters. China emphasized the need for the US to address its concerns and contribute positively to the military-to-military relationship. Discussions also touched on topics such as Taiwan, the South China Sea, the Russia-Ukraine War, and issues related to the Democratic People’s Republic of Korea.
The US reiterated its commitment to the One China Policy, the Taiwan Relations Act, the Three US-China Joint Communiques, and the Six Assurances. Additionally, the US emphasized its commitment to operating within international law while ensuring the safety and security of its allies in the Indo-Pacific and globally.
Both sides acknowledged the importance of maintaining open channels of communication to prevent conflicts and tensions from escalating. They also called for reducing military presence and provocative actions in the South China Sea.
This timeline provides an objective overview of recent interactions between the US and China, shedding light on important diplomatic and defense-related discussions under the Biden administration.
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