柯江高峰會談可能意味美國接受中共成長、茁壯不易改變的事實，美國政府希望 透過廣泛交往、深入接觸的政策，與中共建立建設性戰略伙伴關係，影響中共未來的發展方 向。美國對臺灣的「新三不政策」對臺灣造成某種程度的心理和實際衝擊，兩岸三邊的第二 對話管道並非亳無價值，但必須謹慎小心。

　　　　　This paper consists of four major part. The first section analyzes the latest U.S.-China summit and its possible implication. The author argues that Washington has seemingly accepted the idea that China's growth and modernization is unreversable and thus China can, if led into the international community and adopts international norms and practices, can play a positive role for world peace. In the second and third parts, the author points out that the so-called "second track" dialogue across the Taiwan Starits has had both merit and drawbacks. In addition, the author also touches upon the "three-nos" issue US President Bill Clinton announced in Shanghai pointing that the spill-over effect of this articulation may have negative impact on Taiwan's future. In the conclusion, the author draws substantial policy recommendations for policymakers of both sides of the Taiwan Strait.