The bilateral FTA also impeccably responds to Cambodia's policy directions sketched in the Industrial Development Policy and the "Rectangular Strategy," the minister added.
BEIJING, Aug. 5 (Xinhua) -- China rejects any attempt to create a so-called "new Cold War," Chinese State Councilor and Foreign Minister Wang Yi said Wednesday.
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.
The minister said the upcoming signing of the bilateral FTA will undeniably stimulate the speed of Cambodia's infrastructure development projects, including those under the Belt and Road Initiative (BRI).
"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.
In his most recent exclusive interview with Xinhua, Wang called on the U.S. government to give up its failed attempts to destabilize the country and to respect China's socialist system.
Spokesperson Wang Wenbin made the comment at a press briefing in response to a question on Philippine Defense Secretary Delfin Lorenzana's recent remarks on the South China Sea and bilateral relations. Calling such attempts unpopular, Wang said some countries outside the region are trying to stir up trouble and create tension in the region, which go against the will of the regional countries.
Noting that he highly values the development of China-Belarus ties, Xi said he stands ready to work with President Lukashenko to jointly push forward China-Belarus comprehensive strategic partnership and expand mutually-beneficial cooperation between the two countries in various fields, so as to create new benefits for the two countries and peoples. Enditem
First, steer clear of red lines and avoid confrontation. For China-U.S. relations to develop soundly, the most critical thing is mutual respect, Wang noted.
The remarks were made by Foreign Ministry spokesperson Wang Wenbin in response to U.S. executive orders issued Thursday, which ban transactions carried out by American companies or individuals with parent companies of WeChat and TikTok apps.
Mahdi, who holds a Ph.D. in molecular biology, led lab procedures through the dark moments, conquering shortages of testing kits, working all-night shifts, receiving too many cases and watching infection rates grow as the epidemic took a toll on health personnel in Iraq.