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China has always resolutely opposed the export control measures misused by the United States, as it not only hampers normal trade and cooperation activities between trading partners, but also damages the interests of US companies involved in related areas, the Ministry of Commerce said on Thursday.
China has become the second-largest economy in the world after the United States. It overtook Japan in 2006. In 1949, China's GDP was less than 2 percent of the US GDP; in 2018, it was 64 percent.
China had also signed cooperation agreements with over 40 countries and international organizations, and established industrial capacity cooperation mechanisms with more than 30 countries.
China approved the Foreign Investment Law this month to better protect foreign investors' rights. Under the law, China will treat foreign and Chinese enterprises equally.
China has exempted all cancer drugs from import tariffs since May 1, as a move to further open the market to boost their accessibility.
