Source: DTN News - - This article compiled by Roger Smith from reliable sources Xinhua
Yao said China had taken note of U.S. President Barack Obama's proposal to end the restrictions on C-130 military transport aircraft sales to China in a letter to the U.S.Congress on Oct.8.
The waiver of this embargo reflects a positive sign sent by the U.S. to promote its exports to China, and China welcomes all measures that are conducive to promoting the bilateral economic cooperation and boosting the bilateral trade, said Yao.
The U.S. government's export control, which started 61 years ago, has lead to trade imbalances in the manufacturing sector between the two nations and an unstable trade environment.
China hopes that the U.S. will further relax controls over the exports of high-tech products and adopt "fair and non-discriminatory" policies to China in the process of export control reform, he said.
China also hopes the United States to expedite the export control reform announced on Aug. 31, in order to boost bilateral economic ties with China and to improve its trade balance, said Yao.
*THIS ARTICLE IS BEING POSTED FROM TORONTO, CANADA BY DTN NEWS ~ DEFENSE-TECHNOLOGY NEWS, CONTACT:DTNNEWS@YMAIL.COM
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