China and the United States now account for over one-third of global economic output and over 50 percent of global growth. Bilateral trade volume has increased by over 250 times since the early days of diplomatic ties and takes up one-fifth of the global total. Two-way investment has jumped from almost zero to nearly 240 billion U.S. dollars, and annual two-way visits by the two peoples have reached 5 million.
Wang expounded on the clear-cut framework for the relationship.
Chinese State Councilor and Foreign Minister Wang Yi gives an exclusive interview to Xinhua on China-U.S. ties in Beijing, capital of China, Aug. 5, 2020. (Xinhua/Zhai Jianlan)
From China and Japan in Asia, Germany in Europe, to Brazil and Argentina in Latin America, a bunch of U.S. trade partners have suffered from tariff sanctions or unfair agreements skewed towards some short-term American interests.
Everyone can see easily and clearly that the U.S. goal is to keep its monopoly in science and technology and deny other countries the legitimate right to development, Wang said.
As of the end of June, the zone has attracted a total of 85 companies, with a cumulative sales volume reaching 1.7 billion U.S. dollars, creating over 4,000 jobs.
WASHINGTON, Aug. 10 (Xinhua) -- The United States should better understand the realities in Asia and refrain from taking advantage of any disputes in the region or even escalating the situation, Chinese Ambassador to the United States Cui Tiankai has said.
BEIJING, Aug. 9 (Xinhua) -- Citing so-called national security concerns, Washington announced Thursday an upcoming ban on dealings with the Chinese owners of popular apps TikTok and WeChat, while on the same day, it reimposed a 10-percent tariff on Canadian aluminum exports into the United States.
"We hope that the U.S. can overcome the COVID-19 epidemic at an early date." Meanwhile, a small number of U.S. politicians should stop politicizing and stigmatizing the COVID-19 issues, stop shifting the blame to China, and work with the international community to overcome the impact of the epidemic, Wang said. Enditem
"We need to take an attitude that is responsible to history and to the people. We need to stand up for what is right and set the record straight," he said. Enditem
Wei stated China's principled position on questions including the South China Sea, Taiwan and the U.S. stigmatization of China, and urged the U.S. side to stop erroneous words and deeds, improve the management and control of maritime risks, avoid taking dangerous moves that may escalate the situation, and safeguard regional peace and stability.