Ending restrictions key to solving Sino-US trade imbalance: Official

BEIJING - The United States should revamp its restrictions on exporting high-tech products to China, as it is key to balancing the trade gap between the two countries, a senior Chinese official said on Thursday.

Xu Chao, a senior official with the State Intellectual Property Office, said the current restrictions could be the biggest obstacle to reducing cross-border trade deficits.

The deficits in Sino-US trade have remained high for several years, even in times of economic crisis.