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The US government has banned Huawei from accessing any US technologies without special approval, accusing the company of posing risks to its national security. Huawei has repeatedly denied the accusations and said these charges were not supported by any factual evidence.

The US automotive industry, whether in terms of vehicle production, service or spare parts sales, has made much more money from China than from any other market, said Freeman Shen, founder and CEO of e-car maker WM Motor Technology Co Ltd.

The US report reaffirms commitments to nonproliferation treaties, but it emphasizes the need to enhance capabilities to match Russia, showing support for US nuclear modernization projects.

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The US unemployment rate had been hovering near a historically low level, around 3.5 to 3.6 percent, since September last year.

The United States said China's armed forces had violated the Countering America's Adversaries Through Sanctions Act, a US law imposing sanctions in part to punish Moscow for activities including what the US State Department called Russia's "interference" in US elections.

The US administration has taken an increasingly hawkish turn on China, as it blames its trade deficit with major trading partners for its domestic economic woes and job losses.

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The UK Government appointed former HSBC Chairman Douglas Flint as the special envoy to the Belt and Road Initiative. It shows the importance Britain is attaching to this Initiative. This also gives HSBC a unique edge in Belt and Road cooperation.

The US move once again highlights the autocratic desires of the Trump administration, which, while claiming it does not want to leave the council, calls for it to reestablish its legitimacy by having a membership of which it approves.

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The UK has extensive knowledge and expertise in international financial services, and close ties with many countries along the BRI routes. These have given the UK a unique strength in BRI project financing, Public Private Partnership, insurance and green finance. There is no doubt that the UK is a natural partner of China in advancing the BRI.

The US is attempting to stir up troubles in the waters where the situation has cooled down, Geng said, adding that the warship's intrusion showed "who is exactly the one that does not want to see sustained stability in the South China Sea, and who serves as the biggest factor in the 'militarization' of the South China Sea".