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Ruan said what the DPRK expects to see is the US giving a security guarantee and commitment rather than constantly emphasizing denuclearization issues. He said Pyongyang's statement shows it hopes the US can also make concessions and not just exert pressure to dominate the negotiations.

Ron Powers

Retail, financial technology and healthcare will remain the top three areas in China attracting private equity investment, according to the latest report by global consultancy McKinsey & Co.

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Rocketing housing prices, especially in major cities, had fueled concerns about asset bubbles. China's policymakers announced in December that "houses are for living in, not for speculation."

Retail sales rose 0.5 percent in August from a year earlier, the first positive report for the year so far, CNBC said, quoting China's National Bureau of Statistics. Notably, sales of communication equipment rose 25.1 percent year-on-year and that of autos rose 11.8 percent.

Rioters hurl petrol bombs in Causeway Bay, Hong Kong on Aug 31, 2019. [Photo/Xinhua]

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Ruan Zongze, executive vice-president of the China Institute of International Studies, called the first meeting between the two heads of state "very important and timely", as the Korean Peninsula's situation has seen new developments with the latest missile launch by the DPRK.

Retail sales grew 7.6 percent year-on-year to 3.3 trillion yuan (1 billion) in July, down from 9.8 percent in June. Fixed-asset investment rose 5.7 percent year-on-year in the January to July period, slowing from 5.8 percent in the January to June period.

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Robin Li, chairman and CEO of Baidu Inc, told China Daily on Thursday that the company "is not so worried" about the US government's tighter measures for foreign companies' listing on US exchanges. The internet search giant is discussing internally relisting in other areas including Hong Kong.

Riordan died of injuries suffered after she was partially sucked out of a window that had been broken by shrapnel. The jet, which was headed from New York to Dallas, made an emergency landing in Philadelphia.