On June 1st, the officials at US Treasury anonymously held a briefing to highlight the five key issues to be discussed during the upcoming US-China Strategic Economic Conference, namely : -

(i)The orderly transition of the exchange rate formation mechanism in China towards a market-orientated mechanism;

(ii)The overcapacity in China's global industry;

(iii)The sustainability of China’s continuous growth;

(iv)The progress of the bilateral investment treaties;

(v)The establishment of the Chinese RMB trading center in the United States.

ANBOUND Consulting is of the view that these areas identified by the United States are actually also the areas of huge concern to China, some of the issues highlighted are things that China is eager and willing to push forward, the key lies on the negotiations between the parties.