China-U.S. Relations: Current Issues and Implications for U.S. Policy [Updated October 9, 2008] [open pdf - 234KB]
This CRS report discusses the current issues and implications of China-U.S. relations on U.S. policy. "U.S.-China relations were remarkably smooth for much of the George W. Bush Administration, although there are signs that U.S. China policy now is subject to competing reassessments. State Department officials in 2005 unveiled what they said was a new framework for the relationship--with the United States willing to work cooperatively with China while encouraging Beijing to become a 'responsible stakeholder' in the global system. [...] But other U.S. policymakers have adopted tougher stances on issues involving China and U.S.-China relations. They are concerned about the impact of the PRC's strong economic growth and a more assertive PRC diplomacy in the international arena; about procedures to assure the quality of Chinese pharmaceuticals, food, and other products being imported into the United States; and about trade practices and policies in China that contribute to a strong U.S.-China trade imbalance in the latter's favor [...] Taiwan, which China considers a 'renegade province,' remains the most sensitive issue the two countries face and the one many observers fear could lead to Sino-U.S. conflict. [...] Other concerns about China appear driven by security calculations in Congress and at the Pentagon, where officials question the motivations behind China's expanding military budget. [...] Bilateral economic and trade issues also are growing matters of concern. U.S. officials and lawmakers particularly criticize China's massive bilateral trade surplus, its failure to halt piracy of U.S. intellectual property rights (IPR), and its continued constraints on currency valuation."
CRS Report for Congress, RL33877