While such actions undermine the multilateral trading system at large, they also diminish the level of trusts, 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.
According to Jaime Suarez, executive director of the Colombia-China Chamber of Investment and Commerce, "trade wars are not promising or positive for either party."
"It's not fair to make such allegations without giving any evidence and to accuse China of not giving American companies a level playing field while at the same time they themselves are denying Chinese companies such a level playing field. This is extremely unfair," he said.
By 2019, the European Union had been China's top trade partner for 16 consecutive years, with a total trade volume exceeding 700 billion U.S. dollars for the first time last year, he said.
"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
Maggiorelli, a professor of political science at Bogota's Jorge Tadeo Lozano University, said that China's prudence was evident in recent statements by Chinese Foreign Minister Wang Yi, who rejected any attempt to start a "new Cold War" that would destabilize both nations and risk global progress.
BEIJING, Aug. 10 (Xinhua) -- A Chinese spokesperson on Monday reiterated that China has no interest and has never interfered in U.S. presidential elections, in response to a top U.S. intelligence official's statement saying China is stepping up efforts to influence the election.
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.
Looking to the future, Maggiorelli highlighted the relevance of Chinese President Xi Jinping's vision of building a community with a shared future for mankind.
NEW YORK, Aug. 8 (Xinhua) -- As the Trump administration is threatening to ban popular apps including TikTok and WeChat, "the United States may lose in Trump's TikTok war," warned an expert.