WASHINGTON, July 28(ABC): President Joe Biden and Chinese counterpart Xi Jinping spoke by phone Thursday on mounting tensions over Taiwan, a festering trade dispute and their bid to keep the superpower rivalry in check. The White House said the phone call started at 8:33 am in Washington (1233 GMT). A statement would be issued after the call ended, a spokesman …

BEIJING, Jul 28(ABC): China’s benchmark prices for spot interbank gold transactions were lower Thursday, according to the China Foreign Exchange Trade System. The benchmark price for gold of 99.95 percent pure or above stood at 375.33 yuan (55.7 U.S. dollars) per gram, down 0.57 yuan from the previous trading day, while that for gold of 99.99 percent pure or above …

BEIJING, Jul 28(ABC): China’s pledge to increase crude palm oil (CPO) imports from Indonesia would significantly help boost the latter’s export values and raise the price of fresh fruit bunches (FFB), Indonesia’s coordinating minister for maritime affairs and investment said on Wednesday. “Thank you very much for China’s commitment to add their CPO import volume from Indonesia. This will help …

BEIJING, July 27(ABC): China must focus on addressing the problem of “unbalanced and inadequate development” in the next five years, Chinese President Xi Jinping told senior leaders this week. State broadcaster CCTV on Wednesday cited him making the comments in a special two-day meeting in Beijing on Tuesday, in which he laid out his vision for the next five years …

BEIJING, July 27(ABC): Chinese President Xi Jinping on Tuesday held talks with visiting Indonesian President Joko Widodo in Beijing. The two presidents had a comprehensive and in-depth exchange of views and reached a series of important common understandings on China-Indonesia relations and on international and regional issues of mutual interest. Expressing his delight that the two sides have decided on …

BEIJING, July 27(ABC): Chinese Premier Li Keqiang on Tuesday sent a message to Dinesh Gunawardena to congratulate him on taking office as Sri Lankan prime minister. In his message, Li said that China and Sri Lanka enjoy a profound traditional friendship, and are friendly neighbors and strategic cooperative partners. Since the establishment of their diplomatic ties 65 years ago, the …

BEIJING, July 27(ABC): Foreign enterprises have ridden the wave of China’s green transition over the past decade, as the country’s long-term pursuit of low-carbon and sustainable growth nurtures new business opportunities. From announcing “dual carbon” goals to advancing its national carbon market, China’s concrete efforts toward green development help energize related sectors, including the low-carbon transformation of traditional industries, new …

SHANGHAI, July 26(ABC): Crude oil futures closed higher Tuesday in daytime trading on the Shanghai International Energy Exchange. The most active crude oil contract for September 2022 delivery was up 26.4 yuan (about 3.91 U.S. dollars) to close at 678.5 yuan a barrel. The total trading volume for 11 listed crude oil futures contracts on the exchange was 251,905 lots, …

BEIJING, July 26 (ABC): China’s manufacturing sector saw an increase in research and development (R&D) investment during the 2012-2021 period, the Ministry of Industry and Information Technology (MIIT) said Tuesday. Investment in the sector’s R&D rose from 0.85 percent in 2012 to 1.54 percent in 2021, Wang Wei, an MIIT official, said at a press conference. In 2021, the R&D …

NANCHANG, July 26 (ABC): Over 100 exhibitors at the China International Import Expo (CIIE) attended a business cooperation activity in east China’s Jiangxi Province from Saturday to Tuesday. Co-organized by the Jiangxi provincial government and the Ministry of Commerce, the event launched activities to promote exchanges and cooperation in investment, trade and personnel between the guests and the province. A …