"These have been the sources of China's economic boom and Cambodia is using China as a role model in our economic development as well," he said.
He said the BRI is vital for Cambodia's economy which relies on the inflows of foreign direct investments that are conditional to the capability of sufficient physical infrastructures.
Noting that the United States and Russia are having "very important negotiations" on some existing nuke control treaties, such as the New Strategic Arms Reduction Treaty, Cui said the treaties are "extremely important for international strategic stability."
Chinese State Councilor and Foreign Minister Wang Yi gives an exclusive interview to Xinhua on China-U.S. ties in Beijing, capital of China, Aug. 5, 2020. (Xinhua/Zhai Jianlan)
Let business be business; geopolitical issues are too heavy for business to carry, said Ni Pin, president of Wanxiang America Corporation and chairman of CGCC Chicago.
Policymakers have to determine what they really want, said Ni, adding that if they want a constructive result, they cannot use a destructive approach. Enditem
"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.
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.
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.
But its efforts to sow discord are likely to fail, noted Maggiorelli, because "the United States no longer has as much power as before, and European, Asian, African and Latin American countries want to cooperate with both countries and maintain peaceful relations."