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Xinhua China-related world news summary at 0900 GMT, Sept. 1

Xinhua, September 1, 2016 Adjust font size:

Argentine Ambassador to China Diego Guelar on Wednesday hailed the Asian country as "a great partner."

China is "the great engine of the world. In the last decade, China has become the main trading partner of the most important countries. It is a global phenomenon," said the diplomat. (Argentina-China-Partner)

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RIO DE JANEIRO -- China's Paralympic team, the largest China has ever sent overseas to a Paralympics, arrived in Rio de Janeiro on Wednesday.

A total of 308 disabled athletes from China will compete in Brazil between September 7 and 18. Among them are 161 men and 147 women, who will participate in 328 events covering 17 sports, setting another record. (Brazil-China-Paralympics)

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CAIRO -- Egypt is confident that the G20 summit to be held in China's Hangzhou will succeed in working out ways to promote world economic growth, and Cairo's ties with Beijing will grow stronger, said Egyptian President Abdel Fattah al-Sisi Wednesday. (Egypt-China-G20)

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WASHINGTON -- U.S. Secretary of Treasury Jacob Lew said on Wednesday that China's current RMB exchange rate fluctuations reflect market forces, pointing to the G20 forums as important mechanism to foster global commitments.

Market forces are now putting downward pressure on the RMB, and the U.S. needs to accept that, Lew said in the question and answer session at the G20 Hangzhou summit preview event held by the Brookings Institution.

China has made it clear that it will move in an orderly way towards a more market-determined exchange rate, and is prepared to do that, said Lew. (U.S.-China-RMB)

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PHNOM PENH -- As ASEAN-China leaders are due to meet next week in Laos, analysts in Cambodia say the upgrade of the ASEAN-China Free Trade Area (ACFTA) will boost trade and investment ties between the two sides. (ASEAN-China-ACFTA) Endi