What is the China-US Track Two High Level Dialogue?

It seems the “China-US Track Two High Level Dialogue” is only being reported by Chinese sources. A google news search for Kissinger Beijing seems to reveal only three sources: Red Net (红网), Xinhua, and the Ministry of Foreign Affairs

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The MFA announcement, in its entirely, reads:

On October 11, 2009, State Councilor Dai Bingguo met with the delegation headed by Kissinger in Beijing. Both sides exchanged opinions on the China-US relations and other issues of common concern.

At the invitation of Chinese People’s Institute of Foreign Affairs, Kissinger came to Beijing to attend the first meeting of China-US “two track” high-level dialogue.

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Here is a page on Harvard’s Belfer Center that describes “Track II” dialogues:

Track II dialogues are nongovernmental discussions designed to examine issues too controversial to be meaningfully discussed in official “Track I” bilateral discussions and to serve as a forum for confidence-building between nations. The Track II channel established by PDP has been identified by Chinese President Jiang Zemin as “the Track II” dialogue between the United States and China, particularly regarding cross-Taiwan Strait relations.

I assume the topic is either Chinese support for North Korea, or else the collapse of American financial credibility.

Whatever the cause, it seems to be indicative of the looting of the American Treasury by Henry Paulson, Tim Geithner, and other enemies of the free market system given high office by George Bush and Barack Obama. America cannot bankrupt itself in bail-outs to political powerful speculators and expect its bankers not to call the shots.

Both Bush and Obama have made many good decisions. But the scale of the assault that both Presidents abetted on our system is staggering. Both Bush and Obama are Harvard graduates — Mandarin of America’s rentier class, who thrive by diverting our country’s energies to supporting their leisure. The harm these leaders have exposed America to is without comparison in living memory.