Statistics show that China currently is Spain's largest trading partner outside the European Union (EU), while Spain is China's sixth largest trading partner within the EU bloc. Enditem
The exchange of information including that of audit work papers should be conducted through regulatory cooperation channels, which is an internationally accepted common practice, the CSRC said. Enditem
"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.
Reportedly, citing an order by Philippine President Rodrigo Duterte, Lorenzana said the Philippines would not join navies of other countries in maritime drills in the South China Sea for fear of raising tension in the area.
"Foreign companies, including European ones, were part of the story of China's development, and we believe they will continue to be part of the successful story of China's development and win-win cooperation," he added.
The so-called "Report on Protecting United States Investors from Significant Risks from Chinese Companies" has recommendations such as enhancing listing standards on U.S. exchanges for access to audit work papers.
"These will only lead to its moral decline, damage to its national image and international trust deficit, and are doomed to boomerang," Wang said.
Noting China will not allow these people to get their way, Wang stressed that China rejects any attempt to create a so-called "new Cold War", because it contravenes the fundamental interests of the Chinese and American peoples and the global trend toward development and progress.
"I do not believe there will be a 'new Cold War' between the two powers. The two countries have great economic, trade and financial interdependence. Personally, I believe the two countries can resolve their differences through dialogue, as they have cooperated in the past," Maggiorelli said.
China and ASEAN countries, including the Philippines, are currently focusing on the fight against COVID-19 and resuming economic activities, which call for solidarity, coordination, peace and stability, Wang said.
BEIJING, Aug. 9 (Xinhua) -- Chinese Premier Li Keqiang on Sunday extended his congratulations to Mahinda Rajapaksa on the latter's assuming office as Sri Lanka's new prime minister.