The United States' 1979 Export Administration Act limits the export sales of commercial high-technology goods to China. It is considered one of the causes for the trade imbalance between China and the United States.

Reform of export restrictions may help the U.S. expand exports and create jobs, Yao said.

It would also ease the U.S. trade imbalance and expand Sino-U.S. cooperation, Yao added.

Trade volume between China and the United States in the first four months of this year increased 25 percent to 107.18 billion U.S. dollars.

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