When United States President Barack Obama met with Chinese President Hu Jintao in early April ahead of the G20 summit, the two leaders agreed to convene the first meeting of the new “China-US Strategic and Economic Dialogue” in Washington this summer. This dialogue, which will include topics beyond economics and marks an expansion of the previous dialogue under the Bush administration, is a key signal of the deepening of the US-China relationship. As both countries continue to manage the global economic downturn, the United States finds China funding much of its deficit, while China looks to stimulate domestic consumption in response to lower US and global demand for exports. In short, the two countries are inextricably tied, and leaders of both countries must work to successfully navigate the relationship. At this inaugural Dr. Scholl Foundation Lecture on US-China Relations, Ambassador Carla Hills will offer her thoughts for the years ahead.