Wajdi Makhamreh, a capital market and investment banking expert and independent economist in Jordan, said the Belt and Road projects will help the economies of the Arab world recover in the aftermath of the coronavirus crisis. Enditem
BEIJING, Aug. 7 (Xinhua) -- Senior Chinese diplomat Yang Jiechi said Friday that China and the United States need to jointly safeguard the foundation of bilateral relations and protect the friendship between the Chinese and American people.
"In the meantime, we should really work together to maintain stability of the region, and all of these sea lanes are extremely important for the Chinese economy. A large portion of our imports and exports have to go through these sea lanes," he said. "So we really have high stakes in the safety and security of navigation. So if these things are left to the countries concerned to work out, the situation would be much better."
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."
Wang expounded on the clear-cut framework for the relationship.
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.
National security legislation is also a common legal practice globally. Western countries including the United States and Britain have passed numerous laws in the field and have a large number of cases derived from judicial practices.
In October 2019, when Washington slapped 7.5 billion U.S. dollars in tariffs on EU cheeses, olives, and whiskey, as well as planes, helicopters and aircraft parts under the pretext of national security, the Europeans said it was protectionism and broke global trade rules.
China has no intention to fight a "diplomatic war" with the United States as it will only hurt the interests of the two peoples even more, Wang said.
Washington has never stopped abusing national and political power to repress law-abiding Chinese tech companies. Although Washington has failed to give any credible evidence to support its claim that Huawei poses a security threat, it has spent months piling pressure on other countries to exclude the Chinese tech giant from their 5G networks. More recently, the White House threatened to ban outright TikTok, a hugely popular video-sharing app worldwide.
China's economy has become more intertwined with the world, as shown by the remarkable increase in imports and exports in June, and growing trade with partners such as the ASEAN and the Belt and Road countries. Hyping up the theory that China is self-isolated not only goes against the facts, but also leads to many enterprises missing the opportunities of sharing the cake of China's growth.