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US Secretary of the Treasury Jacob Lew whispers to US Secretary of State John Kerry on Wednesday at the Department of State in Washington Cheap Virgil Green Jersey , DC. Officials from the US and China participated in the seventh annual China-US Strategic and Economic Dialogue to discuss bilateral issues. Photo: AFP
The nearly 300 economic and strategic agreements reached between China and the US during the high-level summit in Washington, DC on Wednesday reflect the multifaceted and progressive nature of Sino-US relations amid concerns over strained ties and security issues, said analysts.

Among the agreements was a new "negative list" with updated items to be released in early September after President Xi Jinping's upcoming September visit to the US. The list outlines sectors closed to foreign investment, and are part of the negotiations on a Bilateral Investment Treaty already seven years in the making.

Agreements reached in this year's Seventh China-US Strategic and Economic Dialogue (S&ED) and the Sixth China-US High-Level Consultation on People-to-People Exchange included some 70 items covering economic cooperation Cheap Mike Pouncey Jersey , more than 100 on the strategic track, and 119 on cultural exchanges.

Speaking at the closing ceremony, Chinese Vice Premier Wang Yang said that during the two-day S&ED talks, the two sides conducted "candid and in-depth exchanges."

Both sides discussed how to build a new type of major-country relationship Cheap Isaac Rochell Jersey , and to enhance cooperation in the Asia-Pacific region as well as globally, he said.

"The number of outcome items and the variety of areas they covered reflect the complexity and multifaceted nature of Sino-US relations, and proves the economic and strategic interdependence of the two countries," Zha Xiaogang Cheap Darius Philon Jersey , a research fellow at the Shanghai Institute for International Studies, told the Global Times.

The 'rule-maker'

The "negative list" to be reached between the world's two biggest economies has shown that the two countries are forming the core of the new model of major-country relationships, Zha noted, adding that China has evolved from being the "rule-abider" to "rule-maker" in influencing the course of international trade.

The two countries pledged to expand cooperation on the landmark agreement on combating climate change reached during Xi's meeting with US President Barack Obama in November 2014 Cheap Austin Ekeler Jersey , including a five-year extension of the Clean Energy Research Center.

New cooperation areas were also discussed for the first time as officials from both countries held a special session on ocean protection under the framework of the dialogue, involving measures to promote maritime research, development, maintenance and protection Cheap Denzel Perryman Jersey , to expand cooperation between maritime enforcement agencies from both countries, and to combat illegal and unregulated fishing, among others.

The S&ED came at a time of heightened concerns that bilateral ties may have been strained over issues like the South China Sea and the establishment of the Asian Infrastructure Investment Bank (AIIB).

Zha believes the meeting has offered a platform of communication in clearing up mistrust and misunderstandings so as to prevent the deterioration of bilateral relations.

"In areas like climate change, where there is no established order or predominant forces Cheap Dan Feeney Jersey , the two countries can enjoy more space in exploring the rules and mode of cooperation under common interest," noted Zha.

For his part, US Treasury secretary Jacob Lew said the US would keep pressing China to move to a market-determined exchange rate, even after Beijing's commitment at the talks to intervene in currency markets only in "disorderly market conditions Cheap Mike Williams Jersey ," reported Reuters.

Fundamental issues

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