Chinese President Xi Jinping and visiting Colombian President Ivan Duque Marquez on Wednesday pledged to promote bilateral relations to new heights.

The US Federal Reserve lowered its benchmark interest rate Wednesday by a quarter point to a range of 2 to 2.5 percent. It is the first reduction in a decade.

Gengdian village was still an economically backward village 20 years ago. By building hundreds of polytunnels to grow vegetables, the village is now on the path to prosperity.

The diplomat noted that China has developed tremendously in the past 70 years and has shared its experience and resources for the neighboring countries.

The 12th round of China-U.S. trade consultations, which was resumed after a break of more than two months, concluded on Wednesday in Shanghai.