The trade imbalance between the two sides has been a hotly discussed issue in Sino-US economic relations. It was also highlighted at the second Sino-US strategic dialogue. Some US parliamentary members have been blaming its trade deficit with China on Beijing undervaluing its currency.

But Professor Jin Canrong from the Beijing-based Renmin University has a different opinion on the issue.

He made the comment in an interview with CRI.

"What China has exported to the US are middle and low-end products that the US no longer produces. So, it will do no good to US industrial workers if these China-made products are squeezed out of the US market."

The professor says that China is, in fact, helping American people to maintain a comfortable life and to control inflation, as Chinese products are fairly-priced and good in quality.

According to statistics from the World Bank, China's exports have saved 100 billion US dollars for Americans each year.

Meanwhile, Professor Jin Canrong says, the US government should relax its control on high-tech exports to China.

“The US government has refused to recognize China's free market economy status. It 's also limited the export of high-tech products to China."

Professor Jin says the real problem in China-US trade is that some American senators tend to politicize the economic and trade issue, thereby taking advantage in elections and achieving their goals in the domestic political sphere.

In another effort to ease the Sino-US trade imbalance, a Chinese business delegation led by Vice Commerce Minister Ma Xiuhong on a 24-state US tour, has signed over 30 billion US dollars' worth of deals so far, purchasing US-made products.

Apart from widened access for U.S. airlines to enter China’s aviation market, China has also promised to remove a bar on new foreign securities firms and resume issuing licenses for securities companies, including joint ventures, in the second half of 2007.

A report by Reuters dubbed it “the most concrete outcome of the talks”.

For a further view on the dialogue, Biz China's Tu Yun talked to Professor Huang Xiaoling from Beijing's University of International Business and Economics.



(Photo:CRIENGLISH.com/Professor Huang Xiaoling from Beijing's University of International Business and Economics.)