Ending restrictions key to Sino-US trade imbalance

08:36, April 30, 2010      

Email | Print | Subscribe | Comments | Forum 

The United States should revamp its restrictions on exporting high-tech products to China, as it is key to balancing the trade gap between the two countries, a senior Chinese official said on Thursday.

Xu Chao, a senior official with the State Intellectual Property Office, said the current restrictions could be the biggest obstacle to reducing cross-border trade deficits.

The deficits in Sino-US trade have remained high for several years, even in times of economic crisis.

"The US has unilaterally blamed China for putting restrictions on the import of US goods, while it restricts the export of high-tech products. It seems contradictory to me," Xu told a press conference.

He said China has urged the US to ease its high-tech export ban several times, but all attempts were in vain.

"The problem ought to be solved, and we will raise the issue during the coming economic and trade talks with the US," he said.

Christian Murck, President of the American Chamber of Commerce in China (AmCham-China), a non-profit organization that represents US companies and individuals doing business in China, said he believed the current US export processes overly restricts commercial trade in certain areas.

"We understand the need for export controls by all countries in their promotion of national security. At the same time, we recognize that the current US system is more burdensome than other systems," Murck said.

【1】 【2】 【3】


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 26, a resident passes by a flower terrace decorated for the coming National Day. (Xinhua/Hang Xingwei)
  • The photo, taken on Sept. 26, shows the SWAT team ready for the joint exercise. (Xinhua/Wangkai)
  • Two metro trains in Shanghai collided Tuesday afternoon, and an identified number of passengers were injured in the accident, the Shanghai-based eastday.com reported. Equipment failures were believed to have caused the crash on the Line 10 subway, Xinhua quoted local subway operator as saying.
  • An employee at a gold store in Yiwu, located in east China's Zhejiang province, shows gold jewelry on Monday.(Xinhua/Zhang Jiancheng)
  • Tourists ride camels near China's largest desert lake Hongjiannao in Yulin, north China's Shaanx Province, Sept. 24, 2011. Hongjiannao is shrinking as a result of climate change and human activities, and may vanish in a few decades. Its lake area, which measured more than 6,700 hectares in 1996, has shrunk to 4,180 hectares. Its water level is declining by 20-30 centimeters annually and its water PH value has risen to 9.0-9.42 from 7.4-7.8. (Xinhua/Liu Yu)
  • Actors perform royal dance at the Gyeongbok Palace in Seoul, Sept. 27, 2011. A ceremony commemorating the 38th South Korea Sightseeing Day was held in Gyeongbok Palace on Tuesday. (Xinhua/He Lulu)
Hot Forum Discussion