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.
Li said in his congratulatory message that China and Sri Lanka enjoy traditional friendship, and recent years have seen their strategic partnership developing vigorously, which features sincere mutual help and time-hornored friendship, and their practical cooperation in various fields constantly broadening and deepening.
While such actions undermine the multilateral trading system at large, they also diminish the level of trusts, he said.
U.S. President Donald Trump on Thursday issued an executive order banning any U.S. transactions with Chinese tech firm ByteDance, owner of TikTok, starting in 45 days.
According to Jaime Suarez, executive director of the Colombia-China Chamber of Investment and Commerce, "trade wars are not promising or positive for either party."
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.
Strengthening the supervision of listed companies' information disclosure and improving auditors' professional ethics and their practices are important means to protect the legitimate rights and interests of investors, the China Securities Regulatory Commission (CSRC) said on its website.
"We hope these treaties could continue," he said. Enditem
In his most recent exclusive interview with Xinhua, Wang called on the U.S. government to give up its failed attempts to destabilize the country and to respect China's socialist system.
The United States should recalibrate the policy of rule of law, said Chris Marlin, president of Lennar International, adding that U.S. laws target certain kinds of countries and actors in a way that may appear to others as discriminatory.
It is neither necessary nor possible for the two sides to change each other, Wang stressed. "Instead, we should respect the choice independently made by the people of the other side."