He added that as the world's economic powerhouse, China has a number of advantages ranging from raw materials, productivity, labor, infrastructure, economic diversification to education, among others.
China has never prohibited or prevented relevant accounting firms from offering audit work papers to overseas regulators, the CSRC said.
"As a champion and promoter for an open world economy, China has always kept its door wide open and committed to provide a market-oriented, law-based and international business environment for companies from Europe and other parts of the world," Wang said.
The China-U.S. relationship needs to be recalibrated, said William Zarit, chairman of American Chamber of Commerce in China, adding that statesmanship is required.
"It is certainly something that we can achieve together," he said.
Fourth, abandon the zero-sum mentality and stand up to shared responsibilities. "Our world still faces many global challenges. Traditional and non-traditional security challenges are intertwined. Almost all regional and international hotspot issues require a coordinated response from China, the United States and other countries," he said.
U.S. President Donald Trump's gamble is likely to backfire, said Castrillon.
Wang expounded on the clear-cut framework for the relationship.
"We are always ready to develop a China-U.S. relationship featuring no conflict, no confrontation, mutual respect and win-win cooperation based on coordination, cooperation and stability," he added.
Today's China is not the former Soviet Union and China has no intention of becoming another United States, noted Wang.
China never intends to and will never interfere in U.S. elections or other U.S. internal affairs. Likewise, the United States must abandon its fantasy of remodeling China to U.S. needs. It must stop its meddling in China's internal affairs, and stop its irrational cracking down on China's legitimate rights and interests, he said.