"This very huge market access enables Cambodia to diversify its products and markets and reduce over-reliance on a few trading partners, i.e., Europe, U.S., and Canada, who traditionally trade with Cambodia on a concessional basis such as Everything But Arms (EBA), Generalized System of Preferences (GSP)," he said.
Any idea for regional cooperation should be in line with the general trend, and conform to the people's will. Otherwise, it will not win the support of regional countries, the spokesperson added.
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.
Noting that China's economic growth turned to positive in the second quarter, Zhao said the Chinese economy has withstood the impact of the epidemic and demonstrated strong resilience and development potential.
"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.
"We are always ready to develop a China-U.S. relationship featuring no conflict, no confrontation, mutual respect and win-win cooperation based on coordination, cooperation and stability," he added.
"There is still time for the Trump administration to change course and avoid damaging U.S. interests. But the clock is running -- tick tock," Wei said. Enditem
"The U.S. has frequently abused state power to wantonly suppress non-American firms under the pretext of national security. This is blatant bullying behavior, which China firmly opposes," the spokesperson said, noting relevant U.S. moves have drawn criticism and doubts from many people within the United States and the international community.
He said although China had been hit hard by the pandemic, her efforts in stabilizing industrial and supply chains in the region shall be praised.
Nearly 70 percent of the surveyed U.S. companies were optimistic about the commercial prospects of the Chinese market, and 87 percent of the companies reported no plans to shift production out of China, according to the survey.
The Philippines advocates peaceful settlement of relevant disputes through legal means, Lorenzana said.