"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.
"These will only lead to its moral decline, damage to its national image and international trust deficit, and are doomed to boomerang," Wang said.
The so-called "Report on Protecting United States Investors from Significant Risks from Chinese Companies" has recommendations such as enhancing listing standards on U.S. exchanges for access to audit work papers.
Trump is essentially doing what the United States has long accused China of doing: disrespecting private property, presuming guilt without evidence, eroding foreign firms' legitimate rights without compensation, and using arbitrary, opaque rules to block them from operating in the country, according to Wei.
"With effective policies and timely responses, China has managed to curb the spread of the virus and at the same time kept industrial chain stable and smooth," he said. "These efforts have helped ASEAN (Association of Southeast Asian Nations), especially Cambodia, mitigate the impacts from the virus on our economy." Enditem
Business owner Diego Tangarife also highlighted the China-proposed Belt and Road Initiative for global development, saying it fosters greater international cooperation.
The two sides have maintained communication and interaction, the CSRC said, adding that Chinese authorities have shown full cooperation sincerity by repeatedly communicating with the U.S. Securities and Exchange Commission and the Public Company Accounting Oversight Board (PCAOB) on joint inspections of accounting firms since 2019.
In March, Yunnan Province dispatched a medical team to aid the pandemic prevention and control efforts in Laos, and donated 4.17 million yuan worth of anti-pandemic materials. Enditem
Strengthening the supervision of listed companies' information disclosure and improving auditors' professional ethics and their practices are important means to protect the legitimate rights and interests of investors, the China Securities Regulatory Commission (CSRC) said on its website.
He added that with joint efforts of China and ASEAN, two-way trade and investment grew in the first half of this year, and fast-track lanes for personnel and logistics exchanges have been established to facilitate resumption of work and production, as well as the smooth operation of industrial and supply chains.
What they want is to revive McCarthyism in an attempt to undermine U.S. relations with China, stoke hostility between the two peoples, and erode trust between the two countries, Wang said.