(Yicai Global) June 28 -- Any man with basic knowledge of modern globalization and technology flow between economies would disagree with the United States' report on How China's Economic Aggression Threatens the Technologies and Intellectual Property of the United States and the World, according to China's commerce ministry.

The report turns a blind eye to the contract spirit based on commercial principles and mutually beneficial cooperation between Chinese and American enterprises, state-backed China Global Television cited spokesman Gao Feng as saying in a press briefing today.

"China's 40-year reform and opening up has provided Chinese enterprises and all foreign-funded enterprises in China with huge market and institutional conditions, and China has become one of the destinations with the world's most foreign direct investment," he said.

"China will continue to support and participate in the process of economic globalization in accordance with the established pace of reform and opening up. We welcome investors from all over the world to invest in China and share the fruits of China's development," Gao added.

The White House published the 35-page report on June 20 Beijing time, accusing China of using aggressive policies and practices outside of international norms to achieve economic growth. Key issues included the theft of technology and intellectual property, skirting US export control and counterfeiting products.

China may have as many as 300,000 overseas students working in the US as spies, the report says, adding that China's invasive domestic supervision forces foreign companies to share their technology with Chinese firms in exchange for market access.