China pledges to narrow trade deficit in technology sector (2)

"On the other hand, China has made important technology advances in the past decades and has great potential for export," he added.

The contracted value of technology exports increased from $580 million in 2006 to $21.4 billion in 2011.

Exports mainly include computer software, which accounted for 89.2 percent of China's exports in the sector last year, and technology consulting and services, as well as the licensing of proprietary technology.

Zhou said the Shanghai fair can also serve as a means for technology buyers to meet suppliers, and will lower the costs and risks, as well as break technology barriers imposed by developed economies.

During his meeting with former United States Treasury secretary Henry Paulson on Wednesday, Vice-Premier Li Keqiang urged the US to loosen restrictions on high-technology exports to China as soon as possible.

The restrictions - which cover about 2,400 types of technology - contributed to the trade imbalance between the two countries, Commerce Minister Chen Deming said in May.

Separately, the Chinese government also said it will boost efforts in the intellectual property protection field, and will set up an IPR alert mechanism to resolve disputes in technology trade.

A technology evaluation system is also in a pilot stage, according to Cao Donggen, deputy director general of the patent administration department of China's State Intellectual Property Office.

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