Top U.S., Chinese officials to hold late July meeting in D.C.

Top officials from the United States and China will powwow in Washington, D.C. later this month for a two-stay "strategic and economic dialogue" between the countries.

Secretary of State Hillary Clinton and Treasury Secretary Tim Geithner will meet on July 27-28 with their Chinese counterparts (State Councilor Dai Bingguo and Vice Premier Wang Qishan, respectively) to discuss "a wide range of bilateral, regional and global areas of immediate and long-term strategic and economic interest," according to a Treasury release Monday.

The Strategic & Economic Dialogue (S&ED) was established by President Obama and Chinese President Hu Jintao earlier this year. This year's meeting in Washington is the first of an expected annual round of meetings, to alternate between the U.S. and Chinese capitals.

The Obama administration touted the meetings as different from the "Strategic Economic Dialogue" (SED) established by President George W. Bush, with the new meetings being more "cross-cutting" and regular.