China called on both India and Pakistan to exercise restraint and jointly uphold peace and stability in South Asia, said Foreign Ministry spokesman Guo Jiakun at a press briefing in Beijing on Tuesday.
Guo made the statement in response to a media query about the latest tensions between Pakistan and India following a terrorist attack in the Kashmir region.
"Both India and Pakistan are important countries in South Asia, and the harmonious coexistence of the two countries is crucial for the peace, stability and development of the region. As neighbors of both India and Pakistan, China calls for the two countries to exercise restraint, handle differences properly through dialogue and consultation, and jointly uphold peace and stability in the region," Guo said.
China urges India, Pakistan to exercise restraint after Kashmir terrorist attack: spokesman
The People's Bank of China (PBOC), the country's central bank, has renewed a bilateral currency swap agreement with the Central Bank of the Republic of Türkiye.
The total value of this agreement is 35 billion yuan (about 4.88 billion U.S. dollars), or 189 billion Turkish lira, the PBOC said in a statement on its website on Friday.
The agreement is valid for three years and can be renewed upon mutual consent, according to the statement.
Meanwhile, the two sides have also signed a memorandum of understanding to establish a yuan clearing arrangement in Türkiye.
These arrangements mark a new stage in China-Türkiye financial cooperation and are expected to facilitate the use of local currencies by enterprises and financial institutions of both countries for cross-border settlements, further promoting and facilitating bilateral trade and investment, the statement said.
China renews bilateral currency swap agreement with Türkiye
