"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
The USCBC is a trade group representing more than 200 U.S. companies that do business with China. Enditem
But its efforts to sow discord are likely to fail, noted Maggiorelli, because "the United States no longer has as much power as before, and European, Asian, African and Latin American countries want to cooperate with both countries and maintain peaceful relations."
These actions will by far create trade unpredictability and render the domino effect through the introduction of such policy by other members as retaliations, he added.
"We urge the U.S. side to abide by the one-China principle and the provisions of three China-U.S. joint communiques, stop official interactions and contact of all kinds as well as the upgrading of substantive relations with the island, and handle Taiwan-related issues in a prudent and proper manner, so as not to seriously damage China-U.S. cooperation in major areas as well as peace and stability across the Taiwan Strait," Zhao added. Enditem
"The U.S. has frequently abused state power to wantonly suppress non-American firms under the pretext of national security. This is blatant bullying behavior, which China firmly opposes," the spokesperson said, noting relevant U.S. moves have drawn criticism and doubts from many people within the United States and the international community.
Foreign Ministry spokesperson Zhao Lijian made the remarks at a press briefing when asked to comment on a survey released by the U.S.-China Business Council (USCBC).
China has never prohibited or prevented relevant accounting firms from offering audit work papers to overseas regulators, the CSRC said.
To that end, diplomacy can also rely on international law and organizations such as the United Nations and the World Trade Organization (WTO) to resolve multilateral disputes, he said.
"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.
"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.