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Amid the country's effective measures of epidemic prevention and control, the company seized the opportunities and saw its main business continue to improve, said the statement.

Among the 83 countries and regions included in World Bank's list of "high-income economies," the United States is "one of very few" that have failed to control the virus since the pandemic, according to a report by AXIOS.

Ambassador Liu Xiaoming delivers a keynote speech. [Photo provided to chinadaily.com.cn]

Ambassador Cui Tiankai made the remarks on Monday during his first visit to Kentucky, one of the solid "red' states politically, which has also felt the pinch of the brewing trade conflict between the US and its major trade partners.

Amid the steep global price cuts, state-owned oil companies have to slash costs to keep afloat.