Chinese Consul General in San Francisco Wang Donghua addresses the reception in celebration of the 70th anniversary of the founding of the People's Republic of China (PRC) in San Francisco, the United States, Sept. 27, 2019. (Photo by Li Jianguo/Xinhua)
SAN FRANCISCO, Sept. 28 (Xinhua) -- The Chinese Consulate General in San Francisco on Friday held a reception to celebrate the 70th anniversary of the founding of the People's Republic of China (PRC), pledging to advance China-U.S. ties based on coordination, cooperation and stability.
Addressing the reception, Consul General Wang Donghua said China has undergone extraordinary development over the past 70 years, and has become the second largest economy in the world under the leadership of the Communist Party of China.
China's fast economic growth has never been seen in any other country or region in recent history, which proves that socialism with Chinese characteristics is the most suitable path for China, Wang told more than 800 attendees at the event.
Over the past 40 years, China and the United States have made great strides in advancing their relations in an all-round way, having delivered great benefits to the two peoples and contributed tremendously to world peace and development, he said.
Wang quoted a recent report of the U.S.-China Business Council as saying that U.S. export to China has supported 1.1 million jobs in the United States, with two-way investment exceeding 240 billion U.S. dollars in accumulative terms by the end of 2018.
With increasing economic interdependence and the convergence of their interests, China and the United States need and complement each other more than ever in their pursuit of further development, Wang noted.
He said he hopes that the two countries would manage their differences on trade in the spirit of mutual respect and equality, and bring the China-U.S. trade back to normal as soon as possible.
California Senator Scott Wiener, who represents San Francisco and nearby cities, applauded the long-standing relations between China and the United States, and voiced optimism about the prospect of China-U.S. ties, despite the temporary difficulties they are facing.
"We're going through a bit of tension right now between our two countries, but I am confident that we will come to a better place because it is so important for the United States and China to work together and to have economic harmony and peace in the world," he said.
Dan Owens, a veteran banking expert in San Francisco, hailed the amazing achievements China has scored in the past 70 years.
Calling the current trade disputes between China and the United States a "temporary problem," Owens said there is much economic integration between the two major economies in the world.
He said he hopes that more Americans will go and see the current modern Chinese society, so that they can better understand China and its people, and share culture and knowledge between the two countries.
Earlier Friday, San Francisco held a ceremony for raising the Chinese national flag at the City Hall to mark the PRC's 70th founding anniversary. Municipal government officials said the city will roll out new measures to continue boosting overall relations with China.