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"This is a repudiation of the principle of market economy and fair competition that the U.S. has always flaunted," said Zhao. "Such move tramples on international rules and undermines the exchanges and cooperation in science, technology and innovation among countries riding the tide of globalization."

"Some U.S. politicians have abused state power to unjustifiably suppress non-U.S. companies under the pretext of national security. Such bandit action has done harm to the rights and interests of consumers and businesses in the United States and other countries, and it is bound to be opposed and resisted by the international community," said Zhao, who stressed that the move is organized and systematic economic bullying of non-U.S. companies that take the lead in a certain field.

He proposed to hold the Ministerial Meeting of the Lancang-Mekong Water Resources Cooperation and the Water Resources Cooperation Forum regularly, and deliver the cooperation projects on dam safety and early flood warnings to enhance capacity for integrated river basin management and water resources management.

He said that countries have reached the consensus that the international system with the United Nations (UN) at its core and the international order with international law at its basis should be preserved.

In the second half, China will pursue a more flexible and appropriate monetary policy, making it more targeted, and effectively implement policies aimed at helping enterprises tide over difficulties and ensuring employment, he said.