In the past 40 years, bilateral trade between China and the United States has increased dramatically, from a negligible 2.5 billion U.S. dollars in the late 1970s to the incredible amount of over 630 billion dollars in 2018.
"The attempt by the United States to create a 'New Cold War' trap and to form cliques to contain China will not succeed, nor will it be in anyone's interest," the Chinese Embassy stressed. "We advise some U.S. politicians to stop spreading political viruses, stop slandering China with words and deeds, and stop interfering in China's internal affairs."
BEIJING, Aug. 5 (Xinhua) -- Chinese State Councilor and Foreign Minister Wang Yi said the real challenge to the current international order and system is that the United States, the strongest country in the world, places its own interests above everything else, and takes this as its code of conduct.
Concrete steps must be taken by the United States to bring its relations with China back on track.
He said Hong Kong is part of China and its affairs are entirely China's internal affairs which allow no foreign interfere. "We urge the U.S. side to grasp the situation, correct its mistake, and immediately stop meddling in Hong Kong affairs and China's internal affairs."
China will not dance to the U.S. tune, and will not sit idly by if the United States harms China's interests, Teng Jianqun, director of the Department for American Studies at the China Institute of International Studies, told Xinhua in an interview.
As underscored in last week's Political Bureau meeting, China will accelerate the establishment of a "dual circulation" development pattern that takes the domestic market as the mainstay while domestic and foreign markets can boost each other.
"We also know that freedom has boundaries," he said. "Respect for science, reason, law and order as well as international rules are the basis of freedom."
Figures from the World Bank's Doing Business 2020 report show that China has made greater progress in the 2005-2020 period than any other large economy in terms of facilitating the ease of doing business. Moreover, China's Ministry of Commerce is amending a regulation on foreign strategic investments in Chinese listed firms to ease thresholds and restrictions on foreigners buying equity stakes.
Besides the Chinese government, many Chinese companies and foundations as well as individuals have also pitched in, donating medical supplies, protective equipment and COVID-19 test kits to the Philippines.
"I have full confidence that between China and our neighbors, we will be able to solve any problem through friendly and peaceful negotiation without external interference, without external attempts to escalate the situation," he said.