This report examines the political and economic relationship between the United States and China. The first part provides an overview of U.S.-China relations and the Obama Administration policy toward China. A summary of major policy issues follows, including security issues and Taiwan, economic issues, climate change and clean energy cooperation, and human rights. The report includes five appendices. Appendix A provides a chronology of meetings between the U.S. and Chinese presidents and information about select bilateral dialogues. Appendix B analyzes the Joint Statement issued during President Hu’s January 2011 state visit. Appendix C lists congressionally mandated annual reports related to China. Appendices D and E list China-related legislation introduced in the 112th and 111th Congresses.