The China-Europe freight train service has played a crucial role in helping stabilize the international logistics supply chain, especially in transporting epidemic prevention supplies since the outbreak of COVID-19.
"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.
Anyone who tries to start a so-called "new Cold War" in the 21st century will be on the wrong side of history and will only be remembered as the one who has upended international cooperation, Wang said.
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.
Wang emphasized that be it companies from Europe or other parts of the world, they are optimistic about China's economic prospect and improving business environment.
"They are showing us the way to establish a good lab," Mahdi said, noting that an important feature of the lab is its ability to receive samples around the clock all days of the week. Thirty lab workers are divided into three shifts, enabling the lab to complete 700 to 1,000 tests a day.
In return, China sent 12 vessels containing more than 1,000 containers of raw materials to supply the struggling garment factories in Cambodia in mid-March. Moreover, China also sent medical experts and COVID-19-testing devices to help support Cambodia's combat against the virus, he said.
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.
However, concerns have been raised as Iraq has become the new epicenter of COVID-19 in the Middle East. On Friday the MOH registered the highest daily increase of 3,461 confirmed cases, the worst in Middle East countries. The tally of infections has reached 144,064 cases.
The supplies are due to arrive in Laos by the end of August.
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.