Over four decades ago, leaders of China and the United States made the handshake across the vast Pacific Ocean, he added, noting that what made this possible was that both countries adhered to the principle of mutual respect and seeking common ground while putting aside differences.
"In light of Washington's trade concerns, China put into effect at the beginning of 2020 a new Foreign Investment Law that gives foreign companies greater access to the Chinese market, and offers greater guarantees in intellectual property protection," he said.
Gross interference in Hong Kong affairs undermines "one country, two systems": Chinese FM
The United States should recalibrate the policy of rule of law, said Chris Marlin, president of Lennar International, adding that U.S. laws target certain kinds of countries and actors in a way that may appear to others as discriminatory.
The two sides have maintained communication and interaction, the CSRC said, adding that Chinese authorities have shown full cooperation sincerity by repeatedly communicating with the U.S. Securities and Exchange Commission and the Public Company Accounting Oversight Board (PCAOB) on joint inspections of accounting firms since 2019.
While such actions undermine the multilateral trading system at large, they also diminish the level of trusts, he said.
Sorasak said the agreement means a lot to Cambodia's economy as it gives greater market access to the country's products.
Trump is essentially doing what the United States has long accused China of doing: disrespecting private property, presuming guilt without evidence, eroding foreign firms' legitimate rights without compensation, and using arbitrary, opaque rules to block them from operating in the country, according to Wei.
"We have to keep national security concerns in perspective. Not everything is a national security emergency," said Craig Allen, president of the U.S.-China Business Council in a panel discussion on the occasion of releasing the survey report.
WASHINGTON, Aug. 9 (Xinhua) -- China-U.S. relations are at "a very critical moment" and the two countries have to "make the right choices" for the long-term interests of the two peoples and of the world, Chinese Ambassador to the United States Cui Tiankai has said.
The spokesperson reiterated that the Taiwan question is the most important and sensitive issue in China-U.S. relations, and the one-China principle is the political foundation of the bilateral relationship. "The U.S. move is a serious breach of its commitments pledged on the Taiwan question," said Zhao.