In June 2008, in Shanghai, CNA China Studies held a joint conference with the Center for American Studies, Fudan University, on the current status and future prospects of the U.S.-China bilateral economic relationship. Conferees included academics, policy-makers, and practitioners from both the U.S. and China. Report captures six key themes discussed at the conference, including the increasing complexity of the bilateral economic relationship; the role that public perception in both countries plays in shaping the relationship; the misunderstandings that each country has of the other’s intentions; ongoing debates about the bilateral trade imbalance and revaluation of the Chinese renminbi; the purpose and prospects of the Strategic Economic Dialogue (SED); and the importance of clarifying both countries’ economic priorities and goals.