As a result, the relationship between the world's top two economies now faces what Chinese State Councilor and Foreign Minister Wang Yi recently described as the most serious challenge since the two sides forged diplomatic ties 40 years ago.
"The Chinese side looks forward to the early distribution of the aforesaid ventilators to various medical institutions so as to help the Philippines fight the COVID-19 pandemic," the embassy said.
The controller worried that funding for these projects from international financial institutions will be cut off if these projects cannot be completed on time.
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In a recent interview with Xinhua, Chinese State Councilor and Foreign Minister Wang Yi said 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.
BEIJING, Aug. 10 (Xinhua) -- Chinese President Xi Jinping on Monday sent a congratulatory message to Alexander Lukashenko on his re-election as Belarusian president. Enditem
U.S. Secretary of State Mike Pompeo, in his recent fact-twisting speech at the Richard Nixon Presidential Library, claimed that America's policy of engagement with China is wrong and has failed, in a bid to deny the tremendous benefits the two sides have jointly delivered to their peoples and the rest of the world, and legitimize his call to form an anti-China alliance.
This move has undermined the normal growth of China-U.S. relations and the friendship between the two peoples, he noted.
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.
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.
The Philippines now has 147,526 confirmed COVID-19 cases, including 2,426 deaths and 70,387 recoveries. Enditem
Former United States Secretary of State Henry Kissinger speaks at the annual gala dinner of the New York City-based National Committee on U.S.-China Relations Nov. 14, 2019. (Xinhua/Wang Ying)