On Aug. 4, the Chinese side sent updated proposals concerning the joint inspections to the PCAOB based on the latest needs and ideas of the U.S. side, it said.
This is a political virus which is understandably questioned and rebuked by people in the United States and the international community, he said.
Spokesperson Wang Wenbin made the remarks at a routine press briefing after Australian Prime Minister Scott Morrison delivered a speech at the Aspen Security Forum on Wednesday, saying that Australia welcomes China's rise, and expects China to play a role in regional and global stability. He also said Australia has found no evidence showing it should restrict the popular short-video app TikTok.
Strengthening the supervision of listed companies' information disclosure and improving auditors' professional ethics and their practices are important means to protect the legitimate rights and interests of investors, the China Securities Regulatory Commission (CSRC) said on its website.
The two sides have maintained communication and interaction, the CSRC said, adding that Chinese authorities have shown full cooperation sincerity by repeatedly communicating with the U.S. Securities and Exchange Commission and the Public Company Accounting Oversight Board (PCAOB) on joint inspections of accounting firms since 2019.
Cui made the remarks when he was invited to attend the 2020 Aspen Security Forum and had an online interview with Nicholas Burns, executive director of the Aspen Strategy Group, and Andrea Mitchell, chief foreign affairs correspondent of NBC News, on issues related to China-U.S. relations last week.
Wang added that as a result, bilateral ties have become one of the most deeply interwoven relationships in the world with broadest cooperation areas and most extensive common interests. "No one can deny these facts."
"We are at a very critical moment for our relations between China and the United States. In a way, we can say it's unprecedented since Dr. Henry Kissinger's visit almost half a century ago," said Cui.
In his most recent exclusive interview with Xinhua, Wang called on the U.S. government to give up its failed attempts to destabilize the country and to respect China's socialist system.
Xi also said that Comrade Le Kha Phieu was a close comrade and friend for the CPC and the Chinese people, adding that he had made outstanding contributions to the development of China-Vietnam relations featuring "long-term stability, future orientation, good-neighborly friendship and all-round cooperation."
"After all, what would happen to business confidence if governments assumed that they could extort private enterprises at will?" Wei added.