China

BEIJING, Sept. 8 (Xinhua) -- China's goods trade went up 9.1 percent year on year to 19.43 trillion yuan (about 2.85 trillion U.S. dollars) in the first eight months of this year, customs data showed Saturday.

Exports rose 5.4 percent year on year in the January-August period to 10.34 trillion yuan while imports grew 13.7 percent to 9.09 trillion yuan, resulting in a trade surplus of 1.25 trillion yuan, which narrowed by 31.3 percent, according to the General Administration of Customs.

In August, exports rose by 7.9 percent while imports jumped by 18.8 percent.

BEIJING, Sept. 8 (Xinhua) -- Saturday's China Daily published an article titled "The West once again gets it wrong on China," which is an excerpt from a signed article published on Qiushi magazine. The following is the full text of the article:

The United States equates China's economy with "state capitalism", saying socialist market economy is not real market economy but state-led protectionist and mercantilist economy, which, it claims justifies the imposition of high tariffs on Chinese goods.

Kathmandu, Sept 8; GANASHAKTI: Kathmandu and Beijing have finalised a transit protocol that will give Nepal access to Chinese ports for trade with China and beyond. This will bring to an end Nepal’s heavy dependence on Indian ports for trade with other countries.

Officials of the two governments signed the protocol after a marathon meeting on Thursday night, giving final shape to the framework treaty signed between the two countries when Nepal Prime Minister K P Oli visited China in March 2016 in the wake of economic blockade by India.

BEIJING, Sept. 7 (Xinhua) -- Chinese President Xi Jinping on Friday congratulated via a video on the opening of a forum in Kazakhstan to celebrate the fifth anniversary of the Belt and Road Initiative.

In the video, Xi also extended sincere gratitude to Kazakh President Nursultan Nazarbayev and sincere regards to all the guests at the forum.

After the initiative was put forward, it has gained extensive attention from the international community and active response from related countries, Xi said.

BEIJING (AP) — A rocket developed by Chinese company iSpace blasted into space Wednesday carrying three miniature satellites in another milestone for the country’s budding private spaceflight industry.

Reports said the SQX-1Z rocket took off from the Jiuquan Satellite Launch Center in northwestern China and entered space at a suborbital level. Two of the satellites will be released into space for testing while the third will re-enter the atmosphere and parachute down to Earth.

LOS ANGELES, Sept. 4 (Xinhua) -- U.S. farmers want to stop trade disputes ignited by Washington with its major trade partners even though they are able to receive a 12-billion-U.S.-dollar trade compensation package from Tuesday.

According to a report of Agweek, a magazine of agriculture industry, U.S. soybeans, wheat, corn, sorghum, cotton, pork and dairy producers welcomed the payment which aims to help them get through the current bad market conditions , but they thought it was not enough.

BEIJING, Sept. 4 (Xinhua) -- A declaration and an action plan were adopted Tuesday at the 2018 Beijing Summit of the Forum on China-Africa Cooperation (FOCAC) in the Great Hall of the People in Beijing.

The Beijing Declaration -- Toward an Even Stronger China-Africa Community with a Shared Future and the FOCAC Beijing Action Plan (2019-2021) were adopted at the two-phase roundtable meeting, chaired respectively by Chinese President Xi Jinping and President Cyril Ramaphosa of South Africa, the co-chair of the forum.

KUNMING, Sept. 3 (Xinhua) -- Super hybrid rice output in test fields in southwestern Yunnan Province has set a new world record, local authorities said Monday.

The latest output of three plots at a super hybrid rice demonstration base located in Datun Township in the city of Gejiu reached an average of 1,152.3 kg per mu (about 0.07 hectares).

The demonstration base started to plant hybrid rice in 2009.

BEIJING; 3 Sep; (AP) — Chinese President Xi Jinping on Monday pledged $60 billion in financing for projects in Africa in the form of assistance, investment and loans, as China furthers efforts to link the continent’s economic prospects to its own.

Speaking to a gathering of African leaders in Beijing, Xi said the figure includes $15 billion in grants, interest-free loans and concessional loans, $20 billion in credit lines, $10 billion for “development financing” and $5 billion to buy imports from Africa.

BEIJING, Sept. 2 (Xinhua) -- Chinese President Xi Jinping and South African President Cyril Ramaphosa held talks on Sunday ahead of the 2018 Beijing Summit of the Forum on China-Africa Cooperation (FOCAC), agreeing to elevate the comprehensive strategic partnership of the two countries to a new level.