The 29th session of the Conference of the Parties (COP29) has postponed its closing as disagreements persist over key issues.
The COP29 kicked off in Azerbaijan's capital city of Baku on Nov 11 and was scheduled to close on Friday.
A key task of this year's summit is to determine a new target of financial contributions that developed nations should make to support developing countries in addressing climate change after 2025.
In 2009, developed countries agreed to mobilize 100 billion U.S. dollars annually by 2020 to support climate action in developing countries, and the goal was later extended to 2025.
The Azerbaijani COP29 presidency updated the draft text on Friday afternoon. However, there are still great differences on the core issues including the new collective quantified goal (NCQG).
At this summit, the issue of climate funding for NCQG is a primary concern. In order to support the transition of developing countries to a climate-resilient future, all parties aim to establish global climate funding targets for the period after 2025, building upon the agreement reached in 2009. They also seek to reach a consensus on the relevant arrangements for the funding mechanism.
COP29 closing delayed as disagreements persist on key issues
China's e-commerce sector has maintained healthy growth from January to October, with total online retail sales rising by 8.8 percent during the period, according to the Ministry of Commerce on Friday.
In the first 10 months this year, the country's online retail sales totaled 12.4 trillion yuan (about 1.7 trillion U.S. dollars). Of this, online retail sales of physical goods reached 10.3 trillion yuan (about 1.4 trillion U.S. dollars), up 8.3 percent year on year, the ministry's data showed.
In October, boosted by the National Day holiday, the 'Double 11' shopping festival and trade-in program, online retail sales maintained steady growth, with rapid increases in the purchase of digital products and service consumption.
For example, online sales of smart home devices and mobile phones rose by 14.2 percent and 12.2 percent year on year, respectively, in October, while sales of range hoods and household stoves surged by 93 percent and 46.8 percent, respectively. Internet service consumption also increased by 15.5 percent.
In addition, the expansion of e-commerce has helped increase online sales of overseas fresh produce by making it easier to reach Chinese consumers.
From January to October, sales of Chilean cherries and Malaysian durians on Chinese e-commerce platforms increased by 107.8 percent and 23.6 percent year on year, respectively, according to the data.
China's online retail sales up 8.8 pct from January to October
