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.
The signing ceremony also unveiled 20 investment-promotion projects that are open to global investors, in areas such as new-energy vehicles, tourism, offshore trade and duty-free retail.
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.
U.S. arms sales to Taiwan seriously breach the three China-U.S. joint communiques, especially the August 17 Communique, severely undermine China's sovereignty and security interests, and gravely violate basic norms of international relations, said Wang. "China firmly opposes this."
QUITO, Aug. 12 (Xinhua) -- China's willingness to keep the door open to dialogue with the United States to address differences and mitigate tensions between the two powers should be lauded, Ecuador's former Foreign Minister Francisco Carrion has said.
It cited Apple as an example. "In a world where many homes in the west are cluttered with its devices, China also offers a vital source of fresh customers," said the article.
Washington has never stopped attempting to sow division between China and its overseas partners with groundless claims, for example by accusing China of setting up "dept traps" in developing countries.
"From the outset of the normalization process, China-U.S. relations have always been based on the common understanding that both sides recognize and respect each other's different social system," said Yang, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and director of the Office of the Foreign Affairs Commission of the CPC Central Committee.
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.
The Philippines' Food and Drug Administration (FDA) has recently approved the Chinese drug Lianhua Qingwen to enter the Philippine market.
China and the United States now account for over one-third of global economic output and over 50 percent of global growth. Bilateral trade volume has increased by over 250 times since the early days of diplomatic ties and takes up one-fifth of the global total. Two-way investment has jumped from almost zero to nearly 240 billion U.S. dollars, and annual two-way visits by the two peoples have reached 5 million.