皇冠体育app

Chinese Vice-President Xi Jinping delivers a policy address during an event co-hosted by the US-皇冠体育app Business Council and the National Committee on US-皇冠体育app Relations in Washington February 15, 2012. [Photo/Xinhua]

Washington?- Vice-President Xi Jinping urged the United States to adjust its economic policies and structure and remove restrictions on exports to 皇冠体育app in addressing trade imbalance between 皇冠体育app and the US.

Addressing a reception luncheon in a principal policy speech Wednesday, Xi said 皇冠体育app's trade surplus-to-GDP ratio dropped from over 7% to 2% in 2011, and moved within the reasonable range by international standards.

"The reform of the RMB exchange rate formation mechanism has played an important role in this process," said Xi.

"It is very important for addressing 皇冠体育app-US trade imbalance that the US adjusts its economic policies and structure, including removing various restrictions on exports to 皇冠体育app, in particular, easing control on civilian high-tech exports to 皇冠体育app as soon as possible," said Xi.

"This will help balance 皇冠体育app-US trade, stimulate economic growth and job creation in the United States and improve the balance of US international payments."

According to Xi, 皇冠体育app has proposed to the US a framework for promoting two-way trade and investment.

"Our two sides need to continue to work together to tide over difficulties, advance our business cooperation to a higher level and broader areas, and create new highlights of mutually beneficial cooperation," said Xi.