Visit the State Council Development Research Center of Economic Research, Vice Minister Li Zhijun.

in the Sino-US trade, the problem of trade imbalances always exist, and gradually highlights this imbalance led to the United States continue to put pressure on the Chinese exchange rate policy and the Sino-US trade friction, continued “fever”. The high-tech products has increasingly become the protagonist of the international trade. Although U.S. exports to China in recent years the rapid growth of high-tech products has lagged far behind in agricultural and other goods, has greatly restricted U.S. trade with China. Li Zhijun, Vice Minister of the State Council Development Research Center of Economic Research, said in an interview with the China Economic Times reporter, the U.S. government to China to take “containment” policy, discrimination and technology export controls, restricting U.S. exports to China, affecting the bilateral trade balance the main reason. China Economic Times: The U.S. repeatedly RMB exchange rate issue, the Sino-US trade imbalance is attributed to the renminbi is “undervalued”, how do you view this issue? Li Zhijun: In recent years, Sino-US trade imbalance to become a very sensitive issue, the United States continued to exert various pressures. In fact, the cause of Sino-US trade imbalance are many reasons, such as the differences of statistical techniques and methods, the manufacturers of other countries moved to the mainland of China engaged in processing trade, and so on. But that the U.S. Government to take the “containment” policy, discriminatory technology export control, restricting U.S. exports to China, affecting the main reason for the bilateral trade balance. China Economic Times: technology export controls protect national security, promote the common means of foreign policy. Can be more specific about this “discriminatory export control? Li Zhijun: contradictions and struggles of the Sino-US bilateral trade balance is a long-term, also a long history of US-China high-tech export control issues. Sino-US relations in 1979, when China’s reform and opening policy, large-scale introduction of advanced technology and equipment from Western countries, the U.S. technology and technology exports, which began. In 1979-1990, the export of U.S. technology and equipment continue to increase the introduction of country-region sorting (contract amount) technology in China, the United States rose from fifth place to first. After the 1990s, a stagnant situation, a series of sanctions that the United States against China in a number related to export controls, the U.S. trade gradually shifted from surplus to deficit. The China Economic Times: The United States in the 1990s laid the IT leader of the new economic structure, the current US-China trade advantage is concentrated in high-tech manufacturing. However, the U.S. government technology export to China in the implementation of strict control policies. Has stressed that the trade deficit with China, on the other hand without relaxation of China on Export Control of such a paradoxical control the U.S. gains and losses geometry? Li Zhijun: China export policies, the impact on bilateral trade balance. This control policy greatly restricted U.S. exports to China, but also its high-tech investment in the field in China has brought a very negative impact, as the development of Sino-US economic and trade cooperation between the constraints. For example, the mid-1980s, China plans to introduce integrated circuits and program-controlled switching technology and equipment, due to the limitations of the U.S. government, U.S. exporters have lost billions of dollars in trade opportunities. In recent years, China still want to buy electronic components and testing equipment from the United States, is the U.S. Government’s discriminatory export controls make U.S. manufacturers lost the opportunity can flourish in our market. China Economic Times: It would appear, to find the balance point of interest of the bilateral economic restructuring, to achieve common development has become a real problem to be solved placed in front of the two governments. What is the effective way to promote Sino-US trade relations are stable and healthy development of that? Li Zhijun: the first clear point is that the product structure of Sino-US trade is complementary and mutually beneficial. Chinese exports to the United States are mainly textiles, clothing, shoes, toys, household appliances and travel bags and other low value-added labor-intensive products. The major U.S. exports to China aircraft, power plants and nuclear power equipment, automotive, chemical, and large construction machinery and computer hardware and software such as energy, transportation and communications infrastructure, as well as grain, cotton and other agricultural products. So, as long as the U.S. government to relax or even cancel the current discriminatory export control policies, a more substantial relaxation of export controls to China high-tech and high-tech products, to allow the U.S. Export-Import Bank to provide soft loans or hybrid loans to support U.S. businesses and enhance their competitive force, U.S. manufacturers have the ability to share in the Chinese market accounted for some more. U.S. capital, technology and management experience with China’s huge market, cheap labor, and resource combining can bring huge benefits to both economies. It should be said that this is the key to Sino-US trade balance is also an effective way to expand Sino-US economic and trade cooperation.