Business

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.

New Delhi, Sep 5 (PTI) The Supreme Court Wednesday agreed to hear next week a PIL seeking stay on the Rafale fighter jet deal between India with France.

A bench comprising Chief Justice Dipak Misra and Justices A M Khanwilkar and D Y Chandrachud considered the submissions of advocate M L Sharma that his plea be listed for urgent hearing.

In his PIL, Sharma alleged discrepancies in the fighter jet deal with France and sought stay on it.

Washington, Sep 5 (PTI) India buying a missile defence system from Russia and oil from Iran would be part of the 2+2 dialogue, but not the talks' primary focus, US Secretary of State Mike Pompeo has said.

Pompeo and Defence Secretary Jim Mattis are headed to India for the talks tomorrow with External Affairs Minister Sushma Swaraj and Defence Minister Nirmala Sitharaman. This is the inaugural 2+2 dialogue between the two countries.

"They are (missile system purchase from Russia and oil from Iran) part of the conversation. They are part of the relationship.

LOS ANGELES, Sept. 3 (Xinhua) -- A popular business news website in the United States on Monday published a list showing which states of the nation could be hit the most in trade disputes with China.

The Business Insider made the list based on the share of each state's GDP that was attributable to trade with China, while emphasized "a huge trade war would also drag on U.S. economic growth."

TEHRAN, Sept. 4 (Xinhua) -- Iranian President Hassan Rouhani on Tuesday launched new projects to produce methanol, urea and ammonia in the south of the country, Press TV reported.

The projects, inaugurated by President Hassan Rouhani in the southern city of Assalouyeh, will cost 1.85 billion U.S. dollars, it said.

In the opening ceremony, Rouhani said "the sectors that carry the economic burdens, most notably the oil, gas and petrochemical industries" on the frontline of the economic and psychological wars facing Iranians, according to Tasnim news agency.

JERUSALEM, Sept. 4 (Xinhua) -- Visiting Philippine President Rodrigo Duterte said on Tuesday that he decided to purchase weapons only from Israel because the country does not restrict their uses as other countries do, according to officials and local media.

The remarks were made during Duterte's meeting with Israeli President Reuven Rivlin on the third day of his four-day visit to Israel.

He thanked Rivlin for the military and security assistance and knowledge provided by Israel to the Philippines over the past years.

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.

by Xinhua writers Yang Shilong, Li Feihu, Chang Yuan

WORTHINGTON, the United States, Sept. 4 (Xinhua) -- As the harvest season in the U.S. midwestern state of Ohio is approaching, soybean farmers are sitting on pins and needles due to the ongoing tariff battle between the United States and its major trading partners.

New Delhi, Sep 4 (PTI) India plans to construct 100 airports at an estimated cost of USD 60 billion (about Rs 4.2 lakh crore) in the next 10 to 15 years, Civil Aviation Minister Suresh Prabhu said Tuesday.

The country's aviation sector is one of the fastest-growing in the world and has recorded 50 months of double-digit traffic growth.

As many as 100 new airports would be built in the next 10 to 15 years for about USD 60 billion. These airports are to be constructed through public private partnership, Prabhu said.

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.