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Chinese vice premier meets Nepali deputy PM on deepening cooperation

China

China

China

Chinese vice premier meets Nepali deputy PM on deepening cooperation

2024-09-26 22:53 Last Updated At:23:07

Chinese Vice Premier Ding Xuexiang on Thursday met with Deputy Prime Minister and Finance Minister of Nepal Bishnu Prasad Paudel in Beijing, with both sides pledging to enhance cooperation across the board.

Ding, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, said China and Nepal are friendly neighbors connected by mountains and rivers, setting a fine example of equality and mutual benefits between countries of different sizes.   During Chinese President Xi Jinping's historic visit to Nepal in 2019, the two countries elevated their bilateral relations to a strategic cooperative partnership featuring everlasting friendship for development and prosperity, Ding said.

He said China is willing to work with Nepal, under the strategic guidance of the leaders of the two countries, to deepen exchanges and cooperation in various fields, promote high-quality Belt and Road cooperation, strengthen public support for friendship, and push China-Nepal relations to a higher level.

For his part, Paudel said Nepal firmly adheres to the one-China principle and supports China in safeguarding its core interests.

His country looks to strengthen exchanges of governance experience with China and deepen practical cooperation in various fields, he said.

Chinese vice premier meets Nepali deputy PM on deepening cooperation

Chinese vice premier meets Nepali deputy PM on deepening cooperation

China's outstanding aggregate social financing -- the total amount of financing to the real economy -- reached 442.12 trillion yuan (about 63.4 trillion U.S. dollars) as of the end of 2025, up 8.3 percent year on year, central bank data showed on Thursday.

The country's aggregate social financing stood at 35.6 trillion yuan (about 5.1 trillion U.S. dollars) in 2025, up by 3.34 trillion yuan (about 479 billion U.S. dollars) from the year 2024, said the People's Bank of China (PBOC), the country's central bank.

According to the data, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year on year to 340.29 trillion yuan (about 48.8 trillion U.S. dollars) as of the end of December.

In addition, outstanding yuan loans stood at 271.91 trillion yuan (about 39 trillion U.S. dollars) at the end of 2025, up 6.4 percent year on year.

China's aggregate social financing maintains high growth in 2025

China's aggregate social financing maintains high growth in 2025

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