Secretary Bryson's visit to China continued today in Beijing where he started the morning with a breakfast with U.S. and Chinese CEOs.  The breakfast was led by Secretary Clinton and Secretary Geithner, with United States Trade Representative Ron Kirk and Ambassador Gary Locke also joining.  The group discussed the importance of the U.S - China economic relationship and what can be done to continue the growth of trade and investment between both countries.  Bilateral trade between the U.S. and China reached over $500 billion last year, with U.S. merchandise exports reaching $100 billion for the first time. 

The Secretary's day continued as he joined Secretary Clinton and Secretary Geithner for separate meetings with Chinese President Hu Jintao and Premier Wen Jiabao.  Bryson then joined Ambassador Kirk for lunch with their Chinese counterpart, Minister of Commerce Chen Deming. 

Throughout the S&ED, Bryson has stressed the importance of the U.S. - China economic relationship and how it is critical that both sides follow through on commitments made not just at this S&ED, but at prior and future talks. Or as Bryson put it, "we must work harder... we must be bold... and we must follow through." 

After the government meetings, Ambassador Kirk and Secretary Bryson participated in an event with the American Chamber of Commerce in China and the U.S. China Business Council.  There Kirk and Bryson heard straight from U.S. business leaders doing business here in China.  They discussed opportunities, challenges, and what the U.S. government can do to support increased exports from the United States to China.  

Today, Secretary Bryson returned to his home city and led a roundtable with Los Angeles-area businesses about trade with China. Bryson delivered the message that the U.S. and China need greater balance in our trade and economic relationship–and a level playing field for American businesses. To ensure a level playing field, the president has requested funding for an Interagency Trade Enforcement Center coordinated through the Commerce Department’s International Trade Administration and the U.S. Trade Representative’s office. This will allow additional advocates for businesses to challenge unfair trade rules and practices throughout the world.

Bryson shared that in the past two years, U.S. exports to China have grown by almost 50 percent and they exceeded $100 billion for the first time in 2011. Vice President Biden has told China's Vice President Xi that America hopes that China does more to allow and encourage increased domestic consumption among its people, and this week they committed to allow non-Chinese companies to compete in selling motor vehicle insurance.

With its enormous size, the Chinese market is ripe for made-in-America products and Bryson encouraged the assembled businesses to explore exporting. In fact, the Commerce Department has 120 Foreign Commercial Service officers in China ready to help them enter the Chinese market.

On Monday and Tuesday, Secretary Locke, along with Secretary Clinton and Geithner, engaged with their Chinese counterparts at the third meeting of the U.S.-China Strategic and Economic Dialogue. Since becoming Commerce secretary, Locke has played a key role in the Obama administration’s efforts to improve the commercial environment in China and open up its markets for U.S. businesses. Locke, who co-chaired two sessions of the U.S.-China Joint Commission on Commerce and Trade, led a clean energy trade mission to China and Indonesia in May 2010 and accompanied President Obama on his visit to China in November 2009, has worked to level the playing field for U.S. businesses and promoted American-made products and services in the Chinese market, in order to create good-paying American jobs and advance President Obama’s National Export Initiative. 

On Monday, Secretary Locke attended the opening session with Vice President Joe Biden and participated in both the economic and strategic track sessions of the Dialogue.  During the meetings, Locke discussed top U.S. government priorities regarding China, including transparency, intellectual property rights protection and China’s policies toward its state-owned enterprises and national champions.  He spoke about prospects of cooperation with China on issues related to marine living resources, ocean policies and environmental protection.

On Tuesday, Locked hosted a meeting with Chinese Minister of Commerce Chen Deming to continue their ongoing engagement to strengthen U.S.-China commercial relations. In the afternoon, he joined Secretaries Clinton and Geithner in a small group lunch at the Blair House with U.S. and Chinese CEOs and business leaders to engage the business communities of both countries and discuss ways to improve the U.S.-China economic relationship.

Ahead of the third U.S.-China Strategic and Economic Dialogue on May 9-10, Commerce Secretary Gary Locke will deliver a speech at 10:30 Eastern today on Chinese foreign direct investment (FDI) in the United States and the current state of U.S.-China commercial relations.   

The Asia Society Center on U.S.-China Relations and the Woodrow Wilson Center’s Kissinger Institute on China and the United States will release a comprehensive report by the Rhodium Group on Chinese FDI at today’s event – “An American Open Door? Maximizing the Benefits of Chinese Direct Investment.” Others expected to attend include Chinese Ambassador to the U.S. Zhang Yesui, former U.S. Ambassador to China Stapleton Roy and Director of the Asia Society Center on U.S.-China Relations Orville Schell.  

The Wilson Center is hosting a webcast of the event between 9:30 a.m. - 11:00 a.m.