The U.S. Treasury Department announced Saturday that the fifth round of the U.S.-China Strategic and Economic Dialogue will be held in Washington, D.C. during the week of July 8-12.

U.S. Treasury Secretary Jacob Lew and Secretary of State John Kerry, as President Barack Obama's special representatives, will join the dialogue with respective Chinese co-chairs and members of the Chinese delegation, the Treasury Department said in a statement.

"The Dialogue will focus on addressing the challenges and opportunities that both countries face on a wide range of bilateral, regional and global areas of immediate and long-term economic and strategic interest," the statement said.

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