The "G-2"? (TAIWAN)

All indications are that the first summit meeting between the new American president, Barack Obama, and his Chinese counterpart, Hu Jintao, went extremely well. The American leader has already accepted an invitation to visit Beijing later this year.

Beijing made sure the summit would go well by not pushing a confrontation that occurred between the two countries in the South China Sea last month. The incident was mentioned by Obama in the meeting with Hu, but both sides decided not to dwell on it. Instead, they have agreed on a new, high-level dialogue mechanism, called the Strategic and Economic Dialogue (SAED). Under this arrangement, there will be Cabinet-level dialogues involving both political and economic issues every year.

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