Level playing field vital for China-US trade ties

The China-US Strategic Economic Dialogue (SED) is to some extent equivalent to making an official commitment twice a year by the two countries to open their domestic markets to each other.

The world would lose its groundwork for economic openness if China and the US, as the world's largest developing and developed country respectively, shut their doors to each other.

In this sense, the two countries should carry on the high-level economic dialogue, and more importantly, should reach a consensus on some key issues through the mechanism.