The link is above but I've included some excerpts below:

Elevating the bilateral relationship is not the solution. It will raise expectations for a level of partnership that cannot be met and exacerbate the very real differences that still exist between Washington and Beijing. The current lack of U.S.-Chinese cooperation does not stem from a failure on Washington's part to recognize how much China matters...It derives from mismatched interests, values, and capabilities.

The United States is not alone in recognizing that China affects all the critical issues of the day or in seeking more from China as an emerging global power. Throughout the world, countries are realizing that the issues that currently define their relationships with Beijing cannot simply be negotiated bilaterally.

The Obama administration should sit down with Japan, the EU, and other key allies to begin coordinating their policies toward China. Much of what the United States does, or is proposing to do, with China on the environment, human rights, and food and product safety is also being discussed or undertaken by Canada, the EU, Japan, and other states in Asia. Yet there is presently no coordination, which means these simultaneous efforts will be inefficient and may work at cross-purposes.

Washington does not want to undermine European and Japanese efforts by competing to cooperate with China. There is frequently a cost to cooperating with Beijing: Chinese government agencies often require donations or impose high overhead costs on foreign partners, and these fees could well rise as the Chinese play foreign actors off against one another.

The U.S. Food and Drug Administration opened three offices in China with a total staff of 13 people -- an admirable beginning but far from sufficient. At the same time, the EU and the Association of Southeast Asian Nations (ASEAN) are running their own food-safety programs with China, and Japan and South Korea have begun negotiations with China on the topic. A single, integrated response would be far more effective, and consumers worldwide would be much safer if U.S. inspectors worked alongside their European, Japanese, and South Korean colleagues.

The year 2009 marks 30 years since the normalization of relations between the United States and China. Three decades of peace and stability in U.S.-Chinese relations should be celebrated. Further elevating the bilateral relationship, however, without addressing the very real differences in values and enforcement capacities between the two countries will lead nowhere -- except to the creation of more empty frameworks for dialogues and never-ending dialogues to establish more frameworks. The time has come to acknowledge that although working with China sounds easy, it is not. If the United States wants to move its relationship with China forward for the next 30 years, it needs the rest of the world, not just China, on board.