China, U.S. conduct professional, candid talks: senior Chinese official

China and the United States have over the past two days conducted professional, rational, in-depth and candid exchanges, said a senior Chinese official on Tuesday.

Li Chenggang, China's international trade representative with the Ministry of Commerce and vice minister of commerce, made the remarks when briefing the press following the first meeting of the China-U.S. economic and trade consultation mechanism held in London.

The two sides have agreed in principle the framework for implementing consensus between the two heads of state during their phone talks on June 5, as well as those reached at Geneva talks, Li said.

It is hoped that progress made at the London meeting will be conducive to strengthening trust between China and the United States, and to further promoting the steady and healthy development of economic and trade ties between the two countries, according to him.

China, U.S. conduct professional, candid talks: senior Chinese official

China, U.S. conduct professional, candid talks: senior Chinese official

China, U.S. conduct professional, candid talks: senior Chinese official

China, U.S. conduct professional, candid talks: senior Chinese official

China, U.S. conduct professional, candid talks: senior Chinese official

China, U.S. conduct professional, candid talks: senior Chinese official

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