China Wednesday called on the United States to make joint efforts to improve the economic imbalance of both countries.

"China and the United States are complementary as China has an excessively high trade surplus, a high savings rate and insufficient domestic demand, while the United States has an excessively high trade deficit and unduly low savings rate, so both sides have to effectively adjust their polices to resolve the imbalance," said Zhou Xiaochuan, governor of the People's Bank of China (PBOC), China's central bank. Full story

A senior Chinese official on Wednesday urged the United States to clarify the range of sectors where investment by foreign firms might be required to undergo scrutiny.

Zhang Xiaoqiang, vice minister of China's National Development and Reform Commission, urged the U.S. government to clarify the definition of "national security," which it said was its main reason for tightening checks on investors. Full story