On December 2nd of 2008, the 2nd China-US Innovation Conference---Innovation and Industrialization was held in Beijing. The Conference was jointly sponsored by MOST of China, US Department of State and US Department of Commerce. Over 200 representatives from both governments, scientific community, business world and education circle discussed innovative ecosystem and technology transfer. As part of the 5th China-U.S. Strategic Economic Dialogue (SED), the Conference submitted the outcome document.

Vice-Minister CAO Jianlin of Science and Technology of China, U.S. Ambassador to China Clark T. Randt, Jr. and US Assistant Secretary of State Daniel S. Sullivan addressed the Opening Ceremony.

After the Ceremony, an official intergovernmental talk was held between Vice-Minister CAO and Sullivan.