This was one of the five ‘certainties’ about China that Wang, who recently met representatives from the National Committee on US-China Relations, the US-China Business Council and the United States Chamber of Commerce in Washington DC, elucidated.

Beijing welcomes the development of US enterprises in China and will continue to provide a market-oriented, internationalised and legalised business environment, according to state councilor and foreign minister Wang Yi, who recently said his country’s attitude of continuing to strengthen economic and trade cooperation between the two countries is certain.

The other ‘certainties’ are the prospects of China’s own development, its resolution to reform and open up, its policy towards and its willingness to carry out multilateral coordination with the United States.

As China-US ties are now at a low ebb, there is a concern that the two countries are entering a new Cold War, he was quoted as saying by an official news agency.

China will continue to deepen its reform, open wider to the world, establish a new system for higher-level openness, build an open world economy, and further promote economic globalisation, he said.

The key is that the United States should return to a rational and practical China policy at an early date, he said.

What China opposes is unilateral bullying and the Cold War mindset, Wang added, urging both sides to jointly conform to basic norms governing international relations based on the UN Charter and universally recognised international laws.

Fibre2Fashion News Desk (DS)