Today, Monday and tomorrow the so-called G-2 are meeting in Washington.  This is the third round of the US-China Security and Economic Dialogue (S&ED).  Led by Timothy Geithner Secretary of the Treasury and Secretary of State Hillary Clinton on the US side and Vice Premier Wang Qishan and State Councilor Dai Bingguo on the Chinese side, this meeting, as with others, is designed with the hope and intent for these two powers to engage on issues of concern to both.

The S&ED has come to involve numerous officials from each country – a major encounter of Chinese (20 agencies) and American (16 agencies) officials.  Notwithstanding the large – possibly overlarge – array of officials and regulators, past meeting have produced little in the way of concrete results.  But the hope remains that this immediate gathering will advance discussions on critical issues – currency, debt, human rights, Korea and Iran.

Let’s see tomorrow.