At the same time, China continued to actively promote foreign economic and trade cooperation, which effectively boosted the total world demand and promoted the development of international trade, Zhao said, adding that foreign-funded projects with an investment of more than 100 million U.S. dollars increased to 320 in the first half of the year.
In the meantime, China will firmly defend its sovereignty, security and development interests, because this is a legitimate right inherent in China being an independent sovereign state, Wang stressed.
The bilateral FTA also impeccably responds to Cambodia's policy directions sketched in the Industrial Development Policy and the "Rectangular Strategy," the minister added.
The China-U.S. relationship needs to be recalibrated, said William Zarit, chairman of American Chamber of Commerce in China, adding that statesmanship is required.
Given Beijing's willingness to cooperate, Castrillon believed the U.S. administration's disputes had less to do with policy than with trying to get re-elected in November.
Zhao said China has a huge market of 1.4 billion people and a complete industrial support system, and many authoritative international organizations believe that China injects confidence and momentum into the world economic recovery.
"These will only lead to its moral decline, damage to its national image and international trust deficit, and are doomed to boomerang," Wang said.
UN Women Executive Director Phumzile Mlambo-Ngcuka called for more attention to women's contributions to COVID-19 response and recovery, as well as better global cooperation to build a more inclusive and equal world.
"This very huge market access enables Cambodia to diversify its products and markets and reduce over-reliance on a few trading partners, i.e., Europe, U.S., and Canada, who traditionally trade with Cambodia on a concessional basis such as Everything But Arms (EBA), Generalized System of Preferences (GSP)," he said.
"China will continue to promote global peace and development and uphold the international order," he added. Enditem
The supplies, including two monitoring ambulances, four ventilators and 200 infrared frontal thermometers, were donated by Kunming to the Laotian capital Vientiane and the province of Luang Prabang, with a view to assisting in the battle against COVID-19.
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