Figures from the World Bank's Doing Business 2020 report show that China has made greater progress in the 2005-2020 period than any other large economy in terms of facilitating the ease of doing business. Moreover, China's Ministry of Commerce is amending a regulation on foreign strategic investments in Chinese listed firms to ease thresholds and restrictions on foreigners buying equity stakes.
Zhang said that India unilaterally changed the status quo of Kashmir through constitutional amendments in August 2019, stoking tensions in the region. A year later, there is no fundamental improvement but a risk of further escalation in the situation of Kashmir, according to the spokesperson.
Of the two generators under construction, one will be delivered by the end of this year, and the other next year, Luo said.
"First, the normalization of relations between our two countries and the growth of this relationship over the decades has served the interests of both countries and the world very well," he said. "It's quite clear that all of us are still enjoying the positive outcome, the benefits of the growth of this relationship. Nobody can really deny this."
In the past 40 years, bilateral trade between China and the United States has increased dramatically, from a negligible 2.5 billion U.S. dollars in the late 1970s to the incredible amount of over 630 billion dollars in 2018.
President Xi Jinping had called for building a community with a shared future for mankind. Wang said the aim of this major initiative is to rise above differences in system, abandon the zero-sum mentality, and find a common goal for all countries, nationalities and civilizations.
To turn the current dangerous tide in the bilateral relationship around and put it back on the right track, the United States needs to immediately stop pushing in the wrong direction and start taking de-escalatory and remedial actions.
As COVID-19 takes its toll on the global economy, China and the United States should stop attempts at decoupling and advance the relationship through cooperation, and live up to their responsibility for the world, said Wang.
Washington has never stopped attempting to sow division between China and its overseas partners with groundless claims, for example by accusing China of setting up "dept traps" in developing countries.
The robust economic and trade relationship has supported around 2.6 million jobs in the United States across a range of industries, and over 72,500 U.S. companies have investments or business in China.