Ending restrictions key to Sino-US trade imbalance

08:36, April 30, 2010      

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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.


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(Editor:赵晨雁)

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