U.S. President Donald Trump's gamble is likely to backfire, said Castrillon.
Wang said this statement is yet another proof of the Philippines' independent foreign policy, which embodies the common aspiration of the regional countries to pursue peace and development.
These actions will by far create trade unpredictability and render the domino effect through the introduction of such policy by other members as retaliations, he added.
Sorasak said the agreement means a lot to Cambodia's economy as it gives greater market access to the country's products.
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.
U.S. President Donald Trump on Thursday issued an executive order banning any U.S. transactions with Chinese tech firm ByteDance, owner of TikTok, starting in 45 days.
"We are always ready to develop a China-U.S. relationship featuring no conflict, no confrontation, mutual respect and win-win cooperation based on coordination, cooperation and stability," he added.
Maggiorelli said he agreed with the Chinese foreign minister that it was futile for the United States to try and interfere in China's internal affairs, saying it underestimated the strong bond between the Chinese people and the ruling Communist Party of China.
"These will only lead to its moral decline, damage to its national image and international trust deficit, and are doomed to boomerang," Wang said.
BEIJING, Aug. 10 (Xinhua) -- Chinese President Xi Jinping on Monday sent a congratulatory message to Alexander Lukashenko on his re-election as Belarusian president.
The companies, in line with market principles and international rules, have conducted commercial activities in the United States while following local laws and regulations, Wang told a daily press briefing.