Namibia, China pledge to advance bilateral cooperation

Namibian President Nangolo Mbumba on Monday met with Wang Yi, a member of the Political Bureau of the Communist Party of China Central Committee and Chinese Foreign Minister, in the city of Swakopmund, with both sides pledging to advance bilateral cooperation.

Namibia, an important member of the African family, is also a comprehensive strategic cooperation partner of China, Wang noted.

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Namibia, China pledge to advance bilateral cooperation

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Namibia, China pledge to advance bilateral cooperation

China is willing to strengthen exchanges on governance with Namibia and deepen cooperation in various fields to achieve common development, Wang said.

Mbumba said Namibia firmly adheres to the one-China principle, supports China's efforts to safeguard its territorial integrity, including Taiwan, adding that Namibia looks forward to enhancing interparty exchanges with China and sharing governance experiences.

On the same day, Namibian President-elect Netumbo Nandi-Ndaitwah met with Wang in Windhoek, the capital of Namibia.

China will continue to support Namibia in pursuing a development path suited to its national conditions, said Wang.

Ndaitwah said the people of the two countries have sustained longstanding friendship and Namibia will continue to consolidate and promote bilateral cooperation and remain committed to the one-China principle.

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.