"Of course, greater clarity and greater rapprochement on the part of both countries are needed. Therefore, the role of diplomats from both parties will be essential to negotiate solutions to the problems, without ever needing the use of force," said Maggiorelli.
"In light of Washington's trade concerns, China put into effect at the beginning of 2020 a new Foreign Investment Law that gives foreign companies greater access to the Chinese market, and offers greater guarantees in intellectual property protection," he said.
A similar executive order has also been issued for WeChat, a messaging and social media app owned by Chinese tech giant Tencent. Enditem
Wang emphasized that be it companies from Europe or other parts of the world, they are optimistic about China's economic prospect and improving business environment.
"People cannot assume other people are doing all these things just because they are exactly doing the same thing in other countries. This is the problem. Some people are doing all these things in other countries. But now they are blaming other countries doing such things. We never do these," he said.
The minister said the upcoming signing of the bilateral FTA will undeniably stimulate the speed of Cambodia's infrastructure development projects, including those under the Belt and Road Initiative (BRI).
"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
"China is confident in working with countries in the region to overcome the challenges posed by the COVID-19 epidemic, maintain development momentum and safeguard common well-being of the people in the region," he said. Enditem
The China-U.S. relationship needs to be recalibrated, said William Zarit, chairman of American Chamber of Commerce in China, adding that statesmanship is required.
National security legislation underpins the very survival of any country, and it is a common legal practice of all countries, Wang said.
"I do not believe there will be a 'new Cold War' between the two powers. The two countries have great economic, trade and financial interdependence. Personally, I believe the two countries can resolve their differences through dialogue, as they have cooperated in the past," Maggiorelli said.