China-Arab trade volume reached 244.3 billion dollars in 2018, up 28 percent year-on-year. In 2019, the figure hit 266.4 billion dollars, an annual growth of 9 percent.
China, he added, stands ready to continue to promote cooperation in vaccine research and development, use and production with Malaysia, and to strengthen anti-pandemic cooperation in such multilateral arenas as East Asia cooperation, the Asia-Pacific Economic Cooperation (APEC) and the World Health Organization to push for the building of a community of health for all.
As underscored in last week's Political Bureau meeting, China will accelerate the establishment of a "dual circulation" development pattern that takes the domestic market as the mainstay while domestic and foreign markets can boost each other.
Moreover, cooperation between the two countries in major global issues, like fighting terrorism, tackling the 2008 financial crisis and coping with the climate change challenge, has made significant contributions to sustaining peace and stability, and promoting development around the world.
In response to a joint statement on Hong Kong by the foreign ministers of the Five Eyes, namely the United States, Britain, Canada, Australia and New Zealand, on Sunday, in which they urged Hong Kong to hold legislative elections as soon as possible, Zhao said China strongly deplores and rejects it.
The signing ceremony also unveiled 20 investment-promotion projects that are open to global investors, in areas such as new-energy vehicles, tourism, offshore trade and duty-free retail.
Washington, with its questionable policies and deeds, is losing support globally and has been reprimanded by various UN bodies quite a few times.
"The development of China and of the United States is not a zero sum game, and we should not reject each other. What we should do is to draw on each other's strength to achieve common development," he said.
Wang said that China-U.S. relations are facing the gravest challenge since the establishment of diplomatic ties, and their exchanges and cooperation in many areas are being seriously disrupted.
Meanwhile, Canadian Prime Minister Justin Trudeau has said that "Canada will impose countermeasures that will include dollar-for-dollar retaliatory tariffs."
He said he has witnessed the development of U.S.-China relations over the past decades, which has brought tangible benefits to the two countries and their people.