U.S. President Donald Trump on Thursday issued an executive order banning any U.S. transactions with Chinese tech firm ByteDance, owner of TikTok, starting in 45 days.
A similar executive order has also been issued for WeChat, a messaging and social media app owned by Chinese tech giant Tencent.
Over the past 40 years and more since the two countries entered into diplomatic ties, several generations of Chinese and Americans have worked together to advance China-U.S. relations, Wang said.
In the meantime, China will firmly defend its sovereignty, security and development interests, because this is a legitimate right inherent in China being an independent sovereign state, Wang stressed.
Forty years on, while China and the United States are quite different in social system and many other aspects, such differences have not affected the peaceful coexistence and win-win cooperation between the two countries, and they should not affect their bilateral ties in the future, he said.
Anyone who tries to start a so-called "new Cold War" in the 21st century will be on the wrong side of history and will only be remembered as the one who has upended international cooperation, Wang said.
Some American politicians who are biased against and hostile to China are using their power to smear China with fabrications and impede normal ties with China under various pretexts, Wang told Xinhua in an exclusive interview.
It is "a very negative trend that we need to defend ourselves against," Allen said, adding that both sides should work on building up mutual trust, "which is at a historic low right now."
The country's securities authorities have provided the audit work papers of several U.S.-listed Chinese companies to the U.S. securities authorities, as mentioned in the U.S. report, it said.
What they want is to revive McCarthyism in an attempt to undermine U.S. relations with China, stoke hostility between the two peoples, and erode trust between the two countries, Wang said.
It is neither necessary nor possible for the two sides to change each other, Wang stressed. "Instead, we should respect the choice independently made by the people of the other side."