(MENAFN- Kuwait News Agency (KUNA)) China urged the US on Tuesday to relax restrictions on high-tech product exports to China and eliminate unreasonable regulations for Chinese companies investing in its country, the official Xinhua News Agency reported.
Chinese Vice Premier Li Keqiang made the comments when meeting with a US delegation in Beijing. The delegation included former White House Assistant for National Security Affairs Stephen Hadley.
"As the top two economies in the world, the US and China are and will be highly complimentary to each other in the coming decades. The key to strengthen our cooperation is to jointly combat protectionism and provide a level playing field for businesses in the two countries," Li was quoted as telling the US side.
"Both sides should deepen mutually beneficial cooperation, manage disagreements and disputes and promote bilateral ties toward healthy and stable development," said Li. Echoing the vice premier's views on bilateral ties, the US said both the Democrats and Republicans supported a strong bilateral relationship. Last month, US President Barack Obama issued a presidential order to prevent Ralls Corp., which is owned by two executives of Chinese construction equipment maker Sany Group, from owning four wind farms in Boardman, Oregon, citing national security risks for their locations near the Naval Weapons Systems Training Facility.
It was the first time since 1990 that a US president has formally blocked a business transaction or required a sale on such grounds. Ralls Corp. has sued Obama because "he made an unjust ruling that had a huge impact on the company, " according to a separate Xinhua report.
It was not the first time that Chinese investment in the US had been blocked with the excuse of "national security." The US House of Representatives Intelligence Committee recently issued a report alleging that Chinese companies Huawei and ZTE posed a possible threat to US national security.
The report recommended that regulators block Huawei and ZTE from acquiring US companies, adding that government computer systems should not include components made by them because they "might pose an espionage risk."
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