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.
BEIJING, Aug. 8 (Xinhua) -- China's top securities regulator said Saturday that resolving issues of common concern through dialogue is the only way to achieve win-win results, when responding to a recent U.S. report released by the President's Working Group on Financial Markets.
"We are committed to developing a China-U.S. relationship featuring non-conflict, non-confrontation, mutual respect and win-win cooperation, and firmly safeguard our sovereignty, security and development interests," Zhao said. Enditem
Still, it will be necessary to establish a clear framework for relations between China and the United States, given the current complex situation of ties, he said.
"It's so bad for the U.S. side to decide to close our consulate in Houston. Based on the principle of reciprocity in diplomacy, we have to respond. But we certainly don't want to have all this from the very beginning. We certainly don't want to see any escalation," the Chinese ambassador said. Enditem
The legislation on safeguarding national security in Hong Kong has plugged the long-standing legal loopholes in Hong Kong, he said, adding that the legislation will "ensure both the long-term implementation of the policy of 'one country, two systems' on the basis of rule of law and durable security and stability of Hong Kong."
"China's role in opening up to global economy through many initiatives, including its BRI, contributes a lot to the trend of global trade flows given its very potential production and consumption hubs," Sorasak said.
The minister said the upcoming signing of the bilateral FTA will undeniably stimulate the speed of Cambodia's infrastructure development projects, including those under the Belt and Road Initiative (BRI).
A medic performs COVID-19 testing at a Chinese-built lab in Baghdad, Iraq on July 29, 2020. (Xinhua)
"It is certainly something that we can achieve together," he said.
Zhao said China has a huge market of 1.4 billion people and a complete industrial support system, and many authoritative international organizations believe that China injects confidence and momentum into the world economic recovery.