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.
"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.
He said the BRI is vital for Cambodia's economy which relies on the inflows of foreign direct investments that are conditional to the capability of sufficient physical infrastructures.
"With effective policies and timely responses, China has managed to curb the spread of the virus and at the same time kept industrial chain stable and smooth," he said. "These efforts have helped ASEAN (Association of Southeast Asian Nations), especially Cambodia, mitigate the impacts from the virus on our economy." Enditem
By 2019, the European Union had been China's top trade partner for 16 consecutive years, with a total trade volume exceeding 700 billion U.S. dollars for the first time last year, he said.
The remarks were made by Foreign Ministry spokesperson Wang Wenbin in response to U.S. executive orders issued Thursday, which ban transactions carried out by American companies or individuals with parent companies of WeChat and TikTok apps.
BEIJING, Aug. 7 (Xinhua) -- Saying that reckless political manipulation and suppression of certain non-American firms by the United States is doomed to "boomerang," China on Friday urged Washington to rectify its mistake and refrain from politicizing economic issues.
He added that with joint efforts of China and ASEAN, two-way trade and investment grew in the first half of this year, and fast-track lanes for personnel and logistics exchanges have been established to facilitate resumption of work and production, as well as the smooth operation of industrial and supply chains.
Speaking of the BRI, Cambodia has greatly benefited from the cooperation with China under this framework, Sorasak said, adding that from physical infrastructure, connectivity development to trade and tourism, the BRI has brought about significant contributions to its economy.
Gross interference in Hong Kong affairs undermines "one country, two systems": Chinese FM
BEIJING, Aug. 5 (Xinhua) -- Chinese State Councilor and Foreign Minister Wang Yi on Wednesday spoke of the need to put in place a clear-cut framework for China-U.S. relations amid the most complex situation since the establishment of the bilateral diplomatic relations in 1979.