Wang said both countries have benefited much from the cooperation, and no one is being taken advantage of or being ripped off, as the mutually beneficial cooperation over the years has turned China and the United States into a community with shared interests.
As COVID-19 takes its toll on the global economy, China and the United States, the world's two largest economies, should work for mutual benefit on an equal footing, stop attempts at decoupling and advance the relationship through cooperation, and live up to their responsibility for the world, said Wang. Enditem
China would not swallow the arbitrary and unscrupulous move, and China's countermeasure is legitimate, justified and lawful, which also fully conforms to diplomatic norms, Wang underscored.
Figures from the World Bank's Doing Business 2020 report show that China has made greater progress in the 2005-2020 period than any other large economy in terms of facilitating the ease of doing business. Moreover, China's Ministry of Commerce is amending a regulation on foreign strategic investments in Chinese listed firms to ease thresholds and restrictions on foreigners buying equity stakes.
The robust economic and trade relationship has supported around 2.6 million jobs in the United States across a range of industries, and over 72,500 U.S. companies have investments or business in China.
Their purpose is notably obvious, which is to contain and destabilize China, Wang said.
He said the Chinese side is ready to enter into candid, effective consultation with the U.S. side and make cool-headed and sensible response to the impulsive moves and anxiety of the U.S. side.
Yang, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and director of the Office of the Foreign Affairs Commission of the CPC Central Committee, said that China's rapid development over the decades, which benefited from interactions and cooperation with countries around the world, has in turn provided the United States and other countries with sustained growth impetus and important opportunities.
After I returned to China, the United States continued to tighten its grip. In May, the United States announced that it would shorten the period of stay for the work visas of all Chinese journalists in the United States to 90 days, causing great uncertainty among them.
SEOUL, Aug. 7 (Xinhua) -- South Korea planned to lift restrictions on arrivals from central China's Hubei province as no new confirmed cases of COVID-19 have been reported recently in the province, the health authorities said Friday.
"The two tech worlds are connected via a tangle of wiring," it said, noting that the great uncoupling would cause huge economic pain to hundreds of U.S. tech companies.