Five U.S. chip companies were also used as evidence to prove the U.S. tech sector's dependency on China. "Nvidia, Texas Instruments, Qualcomm, Intel and Broadcom -- each with a market value of more than 100 billion U.S. dollars -- depend on China for between 25 percent and 50 percent of their sales," said the article.
With COVID-19 still raging across the world, China is prepared to have mutually beneficial cooperation with the United States on epidemic control and economic recovery, learn from each other and share experience on containing COVID-19, and join together with the United States the global response and multilateral cooperation in fighting COVID-19, he said.
He made the remarks after visiting U.S. Secretary of State Mike Pompeo claimed at a joint press briefing here that the United States, a country with a poor track record of respecting other nations' sovereignty, stood "prepared to support" the Czech people if the latter were bullied by others.
It "will be done within the framework of the concept of building a community with a shared future for humanity," Kashin said.
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.
With the last batch of 50 ventilators, Huang said all 130 ventilators donated by the Chinese government have been turned over to the Philippines.
In the interview, Wang refuted a series of recent U.S. moves hurting bilateral ties, including U.S. closing the Chinese Consulate-General in Houston, launching global campaign against Chinese companies, making fierce attacks on the Communist Party of China and interfering into China's internal affairs.
Practice is the sole criterion of truth, Wang said. "Does China's system work for the country? The Chinese people know better than anyone else."
Secondly, "our two countries, of course, are very different in terms of historical heritage, culture, economic development, and political system, and so on and so forth. These differences will be there, maybe for quite a long time to come," he said.
The future of what many consider the world's most important bilateral relationship now hinges upon whether Washington has the much needed rationality and vision to make the right choice.
It once again proves that some politicians in the United States would resort to all means in their fanatical effort to attack China.