China commerce minister urges "real" reform of U.S. hi-tech exports to China

China's Commerce Minister Chen Deming on Monday urged the U.S. to scrap restrictions on U.S. hi-tech exports to China, which, he said, was crucial to balance trade between the two nations.

Chen made the remarks at a press briefing on the second round of the China-U.S. Strategic and Economic Dialogues in Beijing, saying China and the U.S. can't balance bilateral trade without more exports of such products.

China welcomed that the U.S. might reform control policy on hi-tech exports to China, Chen said, voicing his hopes that reforms would be "real" and not "lots of thunder with no rain," which would benefit enterprises from both nations.

Chen also hoped that the U.S. would enhance transparency of its regulations on foreign investment so that more Chinese enterprises would invest in the U.S..

Source:Xinhua