Chinese Ambassador to the United States Xie Feng on Tuesday warned against decoupling and conflict between Beijing and Washington in a speech at a business forum that aims to promote economic and trade ties between the two countries.

Addressing the fifth U.S.-China Business Forum held by Forbes, Xie said the biggest risk is any decoupling between China and the United States, and the largest source of insecurity comes from any confrontation between the two. 

"Any conflict or confrontation between China and the United States would produce no winner, but only spell disaster for the world," Xie said.

"The only right choice for the two countries is to combat global challenges together and deliver more peace and development dividends to the world," he added.

On China's economy: 'Ample room in policy toolkit'

The ambassador rejected recent voices spreading doom and gloom about the Chinese economy and reiterated its potentials and prospects.

"China has the most complete industrial system, a market with the most dynamic domestic demand, and a rich pool of high-caliber workforce and entrepreneurs," Xie told more than 100 attendees from the Chinese and U.S. business and strategic communities.

"There is ample room in our policy toolkit," he said, adding that the fundamentals sustaining China's long-term growth remain unchanged.

"Spreading doom and gloom about others will not make oneself any better. When China fares well, the world will also be better off," said Xie.

Concrete steps urged

The Chinese ambassador also called on both sides to take concrete steps, explore more tangible cooperation outcomes and inject more positive energy into bilateral relations, for instance, by adjusting the China travel advisory, renewing the China-U.S. agreement on cooperation in science and technology, holding the China-U.S. Tourism Leadership Summit, and facilitating visa application for each other's citizens.

Calling those from the business communities "stakeholders" in the China-U.S. relationship, Xie encouraged them to continue building bridges of friendship and cooperation and play a vital role in deepening bilateral exchanges and stabilizing China-U.S. relations.

Max Baucus, former U.S. ambassador to China, and Craig Allen, president of the U.S.-China Business Council, also attended the forum in New York.

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