US export policy change urged

By Xin Zhiming (China Daily)
Updated: 2008-01-09 20:41

A top Chinese official said today that the US should make its export policy more open to help balance China-US trade gap.

The over-strict regulation of the hi-tech exports of the US is one of the reasons for the US' trade deficit with China, Wang Chao, assistant commerce minister, said at the China-US Clean Energy Forum.

Expanded US hi-tech exports to China will ease that gap, he said.

Yao Wenping, vice president of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME), agreed. "Every year, many Chinese enterprises want to import hi-tech materials and equipment from US firms, but often encounter obstacles."


(For more biz stories, please visit Industry Updates)