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.
He added that as the world's economic powerhouse, China has a number of advantages ranging from raw materials, productivity, labor, infrastructure, economic diversification to education, among others.
The two sides have maintained communication and interaction, the CSRC said, adding that Chinese authorities have shown full cooperation sincerity by repeatedly communicating with the U.S. Securities and Exchange Commission and the Public Company Accounting Oversight Board (PCAOB) on joint inspections of accounting firms since 2019.
China and the United States must always bear in mind the well-being of mankind, live up to their responsibilities as two major countries, coordinate and cooperate as needed in the UN and other multilateral institutions, and work together for world peace and stability, said Wang. Enditem
Wang expounded on the clear-cut framework for the relationship.
He added that with joint efforts of China and ASEAN, two-way trade and investment grew in the first half of this year, and fast-track lanes for personnel and logistics exchanges have been established to facilitate resumption of work and production, as well as the smooth operation of industrial and supply chains.
The supplies, including two monitoring ambulances, four ventilators and 200 infrared frontal thermometers, were donated by Kunming to the Laotian capital Vientiane and the province of Luang Prabang, with a view to assisting in the battle against COVID-19.
"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
Still, it will be necessary to establish a clear framework for relations between China and the United States, given the current complex situation of ties, he said.
"All over the world, the United States and Russia have the largest nuclear arsenal ... this is international consensus. So they should take the lead in international nuclear disarmament," said Cui in an online interview with Nicholas Burns, executive director of the Aspen Strategy Group, and Andrea Mitchell, chief foreign affairs correspondent of NBC News, while attending the 2020 Aspen Security Forum on Aug. 4.
BEIJING, Aug. 7 (Xinhua) -- Saying that reckless political manipulation and suppression of certain non-American firms by the United States is doomed to "boomerang," China on Friday urged Washington to rectify its mistake and refrain from politicizing economic issues.