China supports all efforts dedicated to peace in Ukraine: Chinese envoy

China

China supports all efforts dedicated to peace in Ukraine: Chinese envoy

2025-02-25 10:03 Last Updated At：20:27

China supports all efforts dedicated to peace and hopes that all parties involved and stakeholders will participate in the negotiation process, said Fu Cong, China's permanent representative to the United Nations, on Monday.

While speaking at United Nations General Assembly (UNGA) 11th emergency special session on Ukraine, Fu reaffirmed the fundamental tenets that anchor China's position on the Ukraine issue.

He said China's position on the Ukraine issue has been clear-cut, unequivocal, and consistent. The sovereignty and territorial integrity of all countries should be upheld, the purposes and principles of the UN Charter observed, and the legitimate security concerns of all sides taken seriously.

All efforts conducive to a peaceful settlement of the crisis should be supported, he added.

"As we speak, the calls for a negotiated solution to the Ukraine issue are growing, and the window of opportunity for peace is opening. China supports all efforts dedicated to peace, including the agreement reached between the US and Russia on launching peace talks. China encourages the parties concerned and other stakeholders to participate in the negotiation process, find a just and lasting solution that addresses each other's concerns, and arrive at a binding peace deal that is acceptable to all parties. We hope Europe will contribute to peace and come together to tackle the root causes of the crisis in the interests of lasting peace and stability on the continent," Fu said.

The UNGA adopted two resolutions on resolving the conflict on Monday, initiated by the United States and Ukraine, respectively.

China's foreign exchange reserves rise in February

China's foreign exchange reserves totaled 3.4278 trillion U.S. dollars at the end of February 2026, marking an increase of 28.7 billion dollars, or 0.85 percent, from the end of January, according to official data released on Saturday.

The State Administration of Foreign Exchange noted that the U.S. dollar index increased in February, while prices of major global financial assets saw mixed movements, influenced by macroeconomic data, monetary policies, and market expectations in major economies.

The combined effects of exchange rate conversion and changes in asset prices contributed to the increase in China's foreign exchange reserves during the month, the administration said.

China's economy registered steady and improving performance, with new and higher-quality development momentum, the administration noted. The supporting conditions and underlying trend for the long-term sound development of the Chinese economy remain unchanged, providing solid support in the quest to keep the scale of foreign exchange reserves basically stable, it added.

"At the end of February, China's foreign exchange reserves exceeded 3.4 trillion dollars for the first time in nearly ten years, marking the seventh consecutive month of month-on-month growth. We believe the increase in forex reserves, on one hand, confirms that China's long-term positive macroeconomic trend has laid a solid foundation for the overall balance of payments; on the other hand, it also demonstrates that the risk-hedging capabilities of China's reserve assets' are continuously enhancing amid rising volatility in global financial asset prices," said Li Liuyang, chief forex analyst of China International Capital Corporation's research department.