The fifth Sino-US Strategic and Economic Dialogue is being held in Washington.

During the two-day dialogue, both sides will hold a series of talks on wide ranging topics including political security, the economic and financial sectors.

Experts say both sides should further strengthen their macro-economic policy coordination in order to promote global economic recovery.

CRI's Xie Zhao has more:

The fifth US-China Strategic and Economic Dialogue is considered as the first step toward implementing the consensus reached between the two countries' presidents in California last month.

Wei Liang, is a researcher at China Institutes of Contemporary International Relations.

He says China and the US will attach great importance to macro-economic policy coordination because the Federal Reserve has been planning to quit the quantitative easing policy.

"US and China is the two largest economies worldwide according to GDP. Any policy changes in the two sides will have a global effect. If the macroeconomic policy coordination can make one country have low external negative effects for another country, it's obvious that the coordination have positive effects on other countries including China. So it's important for China and US to attach great importance to the coordination."

Zhao Xijun, is vice director at the School of Finance at RenMin University of China.

He believes the macro-economic policy discussed in the dialogue not only makes good sense for China and the US but also for the global economic recovery. "The dialogue will be used as a platform for both sides to communicate and exchange opinions and reach commom judgements. Because it is a formal and official dialogue platform, the consensus may be delivered to policy-making departments in the two sides, resulting in substantial effects. When it comes to whether the US side will withdraw Q.E policy and following effects on China, this move actually indicates China is making preparations for US' retreating from the policy."

Analysts say the Federal Reserve withdrawal from the quantitative easing policy is a periodic process.

Yi Xianrong, researcher at the Chinese Academy of Social Sciences, says China should be prepared to tackle the impact and influence.

"The US withdrawal from Q.E policy will have a significant effect on China and globally because the whole currency environment will have fundamental changes including stock market and the capital market. Hot money may flow out of the country at an early period of time. Meanwhile, it will have a bigger impact on some sectors where there is much speculation, for instance the real estate sector. Under these circumstances, the authorities should make preparations beforehand and ease the impact and influence."

Experts say China has taken a series of measures to repond to the withdrawal of the US QE policy.

However they say, in the long term, the Q.E policy withdrawal will have a positive effect.