Special to WorldTribune.com

By Willy Lam, East-Asia-Intel.com

Even though President Xi Jinping has urged more “communication and cooperation” between his country and the United States, the on-going Strategic and Economic Dialogue (SED) between top officials from both sides has confirmed their “frenemy” status.

While welcoming Secretary of State John Kerry and Secretary of the Treasury Jack Lew on July 9 Xi said: “Our interests are more than ever interconnected.” Xi added that both countries would “stand to gain from cooperation and lose from confrontation”.

In a statement sent to the SED, President Barack Obama pointed out that “The United States and China will not always see eye-to-eye on every issue.” That was “why we need to build our relationship around common challenges, mutual responsibilities, and shared interests, even while we candidly address our differences”, Obama said.

The most ostensible result of the SED was that the Chinese made more theoretical commitments about allowing market forces to determine the rate of the renminbi, which Washington believes is deliberately undervalued.

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  Jack Lew, John Kerry, Warm words by Xi Jinping at the China-U.S. dialogue did not match his disturbing actions, Xi Jinping