Chinese Ambassador Qin Gang addresses strained bilateral ties

And finally, Qin said it’s misleading to think that cooperation is being replaced by competition and confrontation. “In fact, the need for China-US cooperation is not decreasing but increasing. Our two countries should not be enemies, but partners,” he said, noting that over 70,000 US companies have investments in China; 95% of them made profits in China last year, and 64% saw their Chinese revenues grow, according to the latest report of the US-China Business Council.