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
The USCBC is a trade group representing more than 200 U.S. companies that do business with China. Enditem
"China has shown its interest in cooperating with other countries in the development of a vaccine against the new coronavirus, even announcing that it will make its vaccines a public good with universal access," he said.
Non-interference in other countries' internal affairs is a basic norm governing international relations, and no country will allow other countries to flagrantly sabotage its sovereignty or territorial integrity, said Wang.
The so-called "Report on Protecting United States Investors from Significant Risks from Chinese Companies" has recommendations such as enhancing listing standards on U.S. exchanges for access to audit work papers.
"We are committed to developing a China-U.S. relationship featuring non-conflict, non-confrontation, mutual respect and win-win cooperation, and firmly safeguard our sovereignty, security and development interests," Zhao said. Enditem
The United States should honor the principle of sovereign equality enshrined in the UN Charter, learn how to get along with different systems and civilizations and adapt itself to peaceful coexistence, and accept the reality that the world is moving toward multipolarity, said Wang.
Still, it will be necessary to establish a clear framework for relations between China and the United States, given the current complex situation of ties, he said.
Nearly 70 percent of the surveyed U.S. companies were optimistic about the commercial prospects of the Chinese market, and 87 percent of the companies reported no plans to shift production out of China, according to the survey.
To that end, diplomacy can also rely on international law and organizations such as the United Nations and the World Trade Organization (WTO) to resolve multilateral disputes, he said.
He said the BRI is vital for Cambodia's economy which relies on the inflows of foreign direct investments that are conditional to the capability of sufficient physical infrastructures.