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.
The exchange of information including that of audit work papers should be conducted through regulatory cooperation channels, which is an internationally accepted common practice, the CSRC said. Enditem
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.
Statistics show that China currently is Spain's largest trading partner outside the European Union (EU), while Spain is China's sixth largest trading partner within the EU bloc. Enditem
Spokesman Wang Wenbin made the remarks at a routine press briefing after Joerg Wuttke, president of the European Union Chamber of Commerce in China, on Tuesday expressed confidence of European companies in China's development prospects.
"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.
"It's not fair to make such allegations without giving any evidence and to accuse China of not giving American companies a level playing field while at the same time they themselves are denying Chinese companies such a level playing field. This is extremely unfair," he said.
Trump is essentially doing what the United States has long accused China of doing: disrespecting private property, presuming guilt without evidence, eroding foreign firms' legitimate rights without compensation, and using arbitrary, opaque rules to block them from operating in the country, according to Wei.
Only when the United States is ready to reduce its arsenal to the size of China's can both sides begin real negotiation, he said, adding, "I hope we could be given a very convincing answer."
"The choices we're making today will shape not only relations between our two great countries, but also the future of the world. So we have to make the right choices. We have to base ourselves on the long-term interests of our two peoples and of the world," he said.
China will continue to pursue development and progress to meet the desire of its people and make new, even greater contributions to mankind, he said.