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China's rising coffee consumption is an incentive for local growers, said Fernando Silva, manager of Los Ausoles cooperative. Despite the country's age-old tea-drinking culture, younger generations are acquiring a taste for coffee, Silva said.

China's top tax authority said the country's tax and fee cuts totaled over 1.5 trillion yuan (about 6 billion) in the first half of the year. [Photo/Sipa]

China's total foreign trade volume of goods reached 20.05 trillion yuan in the first eight months, down 0.6 percent year-on-year. The drop narrowed by 1.1 percentage points compared with the decline from January to July, according to Customs officials.

China's top envoy to the UN called on the international community "to seize this opportunity to take joint actions and move forward the global cause of poverty reduction" at an event marking the inauguration of the United Nations' Alliance for Poverty Eradication.

China-US economic relations are standing at a historic moment, Chinese representatives said, noting that equal and mutually beneficial economic ties were the "ballast stone" of relations between the two countries.