http://en.people.cn/n3/2017/0624/c90000-9232843.html
This US-China security dialogue is basically a quid pro quo negotiation between these 2 countries.
Notwithstanding the agreements and deals between these 2 countries during the meeting, this meeting did send out an implied significant message. The USA has viewed China as a formidable force that it has no choice but to engage in a discussion with China. The USA won't waste its time for such meeting if the USA didn't view China as an equitable country. This has been the USA mode of operandi.
Therefore, China should make full use of this opportunity to seal any agreements and deals with USA since it has bargaining power now.
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