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.

2 thoughts on “What is the China-US Track Two High Level Dialogue?”

  1. Here is some wishful thinking:

    Drawing hypothetical lines of demarcation for a Chinese administered “buffer zone” somewhere inside NK after the PLA dissolves the KFR.

    Preparing DIB (development-in-a-box) packages to drop on areas of Afghanistan after they have been cleared of Taliban after a future “surge” of American and NATO troops.

    A Less Sanguine Scenario:

    Telling Kissinger to tell Obama that the Chinese have had just about enough American debt.

  2. A dismal post [1], but one I think is more likely than wishful thinking:

    Unprecedented spending, unending fiscal deficits, unconscionable accumulations of government debt: These are the trends that are shaping America’s financial future. And since loose monetary policy and a weak U.S. dollar are part of the mix, apparently, it’s no wonder people around the world are searching for an alternative form of money in which to calculate and preserve their own wealth.

    It may be too soon to dismiss the dollar as an utterly debauched currency. It still is the most used for international transactions and constitutes over 60% of other countries’ official foreign-exchange reserves. But the reputation of our nation’s money is being severely compromised.

    Funny how words normally used to address issues of morality come to the fore when judging the qualities of the dollar. Perhaps it’s because the U.S. has long represented the virtues of democratic capitalism. To be “sound as a dollar” is to be deemed trustworthy, dependable, and in good working condition.

    h/t @surflightroy [2]

    [1] http://roymitsuoka.blogspot.com/2009/10/message-of-dollar-disdain-by-judy.html
    [2] http://twitter.com/surflightroy/status/4876884623

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