China has made significant progress in improving its business environment, according to a report released on Friday by the National Development and Reform Commission, the country's top economic planner.

Two additional Chinese mainland-based accounting firms have been granted approval to audit H-share companies listed in the Hong Kong Special Administrative Region (HKSAR), which will further promote connectivity between the two capital markets, according to an official announcement Friday.

China will increase its retail prices of gasoline and diesel from Saturday to reflect recent changes in international oil prices, the country's top economic planner said on Friday.

Global food prices rose in April for the third consecutive month, with vegetable oil prices surging amid supply disruptions tied to the Iran war, the United Nations Food and Agriculture Organization said on Friday.

In response to a foreign media question asking when the Chinese side will officially announce relevant information about the China-US presidential meeting, what expectations China has for this meeting, and what major topics the two sides will focus on, as US President Donald Trump recently said