This is People’s Daily Tonight, your news source from China.

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President Xi renews global trade call at CIIE opening

Chinese President Xi Jinping called for embracing free trade and warned against seclusion, confrontation and monopoly in his keynote speech at the opening of the China International Import Expo (CIIE) in Shanghai.

Xi said China would continue to broaden market access to foreign companies and pledged to create a world-class business environment.

China recently implemented a series of tariff cuts, and the CIIE is regarded as a symbol of the country's determination to increase imports and further open its markets.

Xi stressed that openness and cooperation were essential to global progress and that multilateralism was vital to counter growing risks and challenges. (CGTN)

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Canton Fair concludes with more new buyers from B&R countries

China's largest trade fair in southern Guangdong Province saw an increase in export to countries along the Belt and Road.

The 124th biannual session of China Import and Export Fair, also known as the Canton Fair, concluded on Sunday, with the number of foreign buyers and export turnover declined slightly by about one percent year-on-year.

Statistics showed the fair received 189,812 buyers from over 200 countries and regions and the export turnover reached 206.5 billion yuan ($29.8 billion).

"The number of buyers from developing countries and emerging markets has continued to grow. The structure of buyers has continually been optimized, and quality steadily improved," said the fair spokesman Xu Bing. (China Plus)

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China's central bank injects funds into market via MLF

China's central bank injected the equivalent of $58 billion into the market through its medium-term lending facility to maintain liquidity. 

The funds will mature in one year with an interest rate of 3.3 percent.

The operation effectively rolled over an equal amount of such loans, which matured on Monday.

The tool was introduced in 2014 to help commercial and policy banks maintain liquidity by allowing them to borrow from the central bank using securities as collateral.

China has vowed to maintain control over monetary supply and keep liquidity at a reasonable and ample level. (Xinhua)

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DHL Express to expand investment in China to seize growth in trade

German logistics titan DHL Express will step up its investment in China to seize the growing business opportunities as the country continues to reform and open up.

"We are the witness, participant and beneficiary of China's reform and opening-up," said Wu Dongming, CEO of DHL Express China.

The popularity of cross-border e-commerce and China's steady economic expansion bode well for the international express industry and DHL will invest more to develop infrastructure in China, he said.

The company opened its Zhuhai, Guangdong gateway on Friday to boost international logistics express delivery efficiency west of the Pearl River. A few days earlier, the Hong Kong-Zhuhai-Macao Bridge opened to make transport between the mainland and the two special administrative regions easier.

The 55-kilometer-long bridge is expected to shorten express transportation from the west of the Pearl River to Hong Kong from four hours to 45 minutes, according to Wu. (Xinhua)

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Jordan's king approves resignation of 2 ministers after flash floods

Jordan's King Abdullah II accepted the resignation of two ministers following the Dead Sea flash floods that killed 21 people.

A royal decree was issued to approve the resignation of Jordan's Minister of Education and Minister of Tourism and Antiquities.

The two ministers submitted their resignation on November 1 following public uproar in the aftermath of the deadly flash floods that killed 21 Jordanians and Iraqis on a school trip.

The king ordered the formation of a committee to conduct an investigation into the accident. (Xinhua)

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Oil prices continue to fall amid rising crude supply

On Monday, oil prices declined as investors worried that persistent trade tensions between the United States and its trade partners could reduce global crude demand. the West Texas Intermediate decreased to $67.04 a barrel, while Brent crude decreased to $77.34 a barrel.

Global equities suffered big losses last week due to concerns about corporate earnings and fears over the escalating trade tensions.

Rising US oil output also dampened investor sentiment. The number of rigs operating in US oil fields rose to 875 last week, marking the highest level since March 2015. (Xinhua)

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DPRK, Cuban leaders hold talks on common concern

And top Democratic People’s Republic of Korea leader Kim Jong-un held talks on Sunday with visiting Cuban President Miguel Diaz-Canel.

The two leaders discussed "crucial issues of common concern" and international situation, adding that "a consensus of views on all issues was reached.”

Kim said that the current visit of the Cuban delegation would offer an occasion to demonstrate the invincibility of the traditional fellowship, trust, friendship and solidarity of the two peoples.(Xinhua)

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And that’s People’s Daily Tonight. Thanks for joining us.

(Produced by David Nye and Bai Yuanqi)