"If China were to mimic Trump's gambit -- alleging, without providing evidence, that some U.S. multinationals are potential national-security threats -- it could force them to sell their operations to 'very Chinese' buyers. Although the Chinese government has not yet done so, the risk has become higher now," said Wei, who served as chief economist of Asian Development Bank during 2014-2016.
"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
While the issues that generate tension between China and the United States are multiple and complex, the issues that unite them are weightier enough to save bilateral ties, he said.
China to make cool-headed, sensible response to U.S. impulsive moves, anxiety: FM
The USCBC is a trade group representing more than 200 U.S. companies that do business with China. Enditem
"Projects linked to the BRI such as the Sihanoukville Special Economic Zone (SSEZ) and the Phnom Penh-Sihanoukville Expressway are two ideal examples to show how BRI helps Cambodia in strengthening industrial sector and diversifying exports through transport and logistics enhancement," he said.
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.
Reportedly, citing an order by Philippine President Rodrigo Duterte, Lorenzana said the Philippines would not join navies of other countries in maritime drills in the South China Sea for fear of raising tension in the area.
The bilateral FTA also impeccably responds to Cambodia's policy directions sketched in the Industrial Development Policy and the "Rectangular Strategy," the minister added.
"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.
"People cannot assume other people are doing all these things just because they are exactly doing the same thing in other countries. This is the problem. Some people are doing all these things in other countries. But now they are blaming other countries doing such things. We never do these," he said.