"Foreign companies, including European ones, were part of the story of China's development, and we believe they will continue to be part of the successful story of China's development and win-win cooperation," he added.
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.
"In light of Washington's trade concerns, China put into effect at the beginning of 2020 a new Foreign Investment Law that gives foreign companies greater access to the Chinese market, and offers greater guarantees in intellectual property protection," he said.
NEW YORK, Aug. 13 (Xinhua) -- Business leaders from both the United States and China have called for recalibrating U.S. policies on China and building up bilateral trust via dialogue, as Chinese companies operating in the United States become less satisfied with the investment and business environment in the country.
TikTok has been downloaded over 175 million times in the United States and over 1 billion times globally, according to the executive order, which claims that the app automatically captures "vast swaths of information" from its users, posing risks to U.S. national security.
Spokesman Wang Wenbin made the remarks at a routine press briefing after Joerg Wuttke, president of the European Union Chamber of Commerce in China, on Tuesday expressed confidence of European companies in China's development prospects.
The two sides wrapped up their negotiations on the bilateral FTA on July 20.
BEIJING, Aug. 5 (Xinhua) -- Chinese State Councilor and Foreign Minister Wang Yi on Wednesday denounced U.S. Secretary of State Mike Pompeo's assertion that the policy of engagement with China pursued by successive U.S. administrations has failed.
Wei Shangjin, professor of finance and economics at Columbia University's Graduate School of Business and School of International and Public Affairs, said forcing TikTok to be sold cheaply to a "very American" buyer will endanger many U.S. firms in the Chinese market, according to an opinion published by Project Syndicate on Thursday.
"Very often we hear complaints here that we don't give a level playing field to American companies. But more and more, I believe we should complain Chinese companies are not having a level playing field here," he said.
"We urge the U.S. side to abide by the one-China principle and the provisions of three China-U.S. joint communiques, stop official interactions and contact of all kinds as well as the upgrading of substantive relations with the island, and handle Taiwan-related issues in a prudent and proper manner, so as not to seriously damage China-U.S. cooperation in major areas as well as peace and stability across the Taiwan Strait," Zhao added. Enditem