The agreement has a lot of strong sounding words and phrases, like “comprehensive” and “concrete plans”.

Here’s what the Obama administration said;  China and the U.S. need “a cooperative partnership that is comprehensive in scope, cooperative in nature, and yields positive achievements that benefit our people.”

Basically China, and the U.S., spent a lot of taxpayer money to sit around and tell each other their woes, and why don’t we just get a long.  Then they signed a long winded agreement that basically says ‘we promise’.

What has been going on is being called “cooperation talks”.  Basically the U.S. is  in big debt, China holds most of that debt, China wants a piece of the U.S. action, the U.S. doesn’t want them to have any, but the U.S. owes China trillions so they try to make happy happy joy joy talk so we don’t go to war, or, so that China doesn’t dump all their trillions of U.S. bonds all at once.