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The UK was "very excited" to see such developments and welcomed the Shanghai-London stock connect, which could be in operation by the end of the year, McGuinness said, hailing it as an innovative way to bring two-way investment opportunities. The successful operation of it will make "a good model for others to follow".

The UK government conceded that the Huawei ban will come with a huge economic loss. Dowden said the move would delay the rollout of 5G in Britain by two to three years at a cost of 2 billion pounds.

The US has put pressure on the UK and other allies to ban the use of Huawei kit in these upgrades due to security concerns. Historically, UK mobile operators have used large amounts of Huawei equipment when building network infrastructure.

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The UN is "very grateful" for China's contributions to peacekeeping, and the importance that China attaches to peacekeeping "sends a good message" to the rest of the world, Nick Birnback, spokesman for UN peacekeeping, told Xinhua News Agency in May.

The US plan will embolden rioters in the city to go even further along the road of violence. Our memory is still fresh that during months of social unrest last year, rioters besieged government and legislative buildings, paralyzed public transport, trashed banks and stores and assaulted innocent residents, plunging Hong Kong into chaos and deep economic recession.

The US political tricks will not work to undermine Hong Kong's prosperity and stability, and Hong Kong residents will see through the hypocrisy of US politicians, said Chan Yung, vice-chairperson of the Democratic Alliance for the Betterment and Progress of Hong Kong.

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The US-based Faraday Future unveils its prototype EV FF91 at the Consumer Electronics Show in Las Vegas in January. [Photo provided China Daily]

The US government was reported in late September to be mulling policies restricting US portfolio investment into China.

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The United States government has delayed a ban on US technology sales to Huawei Technologies Co, a move that analysts said is aimed at reducing impacts on the Chinese tech giant's sprawling global customer and supply base.

The US and Venezuela are both important countries in the western hemisphere and enjoy close traditional relations, she said.