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
Today's China is not the former Soviet Union and China has no intention of becoming another United States, noted Wang.
"When you are not able to kiss your kid because you are doing dangerous work, this is one of the sacrifices in your life," he said.
"It's so bad for the U.S. side to decide to close our consulate in Houston. Based on the principle of reciprocity in diplomacy, we have to respond. But we certainly don't want to have all this from the very beginning. We certainly don't want to see any escalation," the Chinese ambassador said. Enditem
The country's securities authorities have provided the audit work papers of several U.S.-listed Chinese companies to the U.S. securities authorities, as mentioned in the U.S. report, it said.
The supplies are due to arrive in Laos by the end of August.
The route, operated three times a week by Air China Cargo, is expected to more than half the shipping time of foreign trade commodities to about 10 days.
The legislation on safeguarding national security in Hong Kong has plugged the long-standing legal loopholes in Hong Kong, he said, adding that the legislation will "ensure both the long-term implementation of the policy of 'one country, two systems' on the basis of rule of law and durable security and stability of Hong Kong."
Please see the attachment for the full text of the article titled "Respect History, Look to the Future and Firmly Safeguard and Stabilize China-U.S. Relations." Enditem
He added that with joint efforts of China and ASEAN, two-way trade and investment grew in the first half of this year, and fast-track lanes for personnel and logistics exchanges have been established to facilitate resumption of work and production, as well as the smooth operation of industrial and supply chains.
While such actions undermine the multilateral trading system at large, they also diminish the level of trusts, he said.