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Chinese President Xi Jinping told US President Donald Trump in a telephone call on Tuesday that teams of the two countries could maintain communication,  and strive to find a way to properly resolve trade disputes for win-win outcomes.

China's rail freight transport volume, an indicator of broad economic activity, reached 2 billion tons in the first seven months of this year, rising 4.3 percent year-on-year, a sign that it is recovering from the shock of the COVID-19 epidemic.

Chinese President Xi Jinping visited Laos in last November and Lao President Bounnhang Vorachit visited China in this May.

China's steel output and consumption have now both reached saturation point, and the period of rapid expansion is over, the research note said.

China-Philippines ties also go beyond trade ties. As Deng Jun, country head for Bank of China's branch in Manila, noted in his speech, the two countries can also deepen their financial cooperation.