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China renews bilateral currency swap agreement with Türkiye

China

China

China

China renews bilateral currency swap agreement with Türkiye

2025-06-14 06:27 Last Updated At:15:37

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

China renews bilateral currency swap agreement with Türkiye

China renews bilateral currency swap agreement with Türkiye

China renews bilateral currency swap agreement with Türkiye

China renews bilateral currency swap agreement with Türkiye

China renews bilateral currency swap agreement with Türkiye

Japan should better inform its younger generations about its history of aggression during World War II (WWII) to raise anti-war awareness in society, according to descendants of Japanese invaders in China during WWII.

On July 7, 1937, Japanese troops attacked Chinese forces at the Lugou Bridge on the outskirts of Beijing, marking the beginning of Japan's full-scale invasion of China and China's nationwide resistance against the Japanese invaders, initiating a whole-of-nation war effort that opened the main Eastern battlefield in the global war against fascism.

In a recent interview with China Media Group, Kuroi Akio, one of the five descendants who visited China last year for an apology tour, warned about the lack of information in today's education system regarding Japan's wartime invasion of China and other Asian countries.

"Three years ago, I asked a group of children between the ages of six and 10 if Japan had ever been in a war and where it was fought. About 70 children raised their hands, so I asked them one by one. Every child answered 'America,' and not one mentioned any other country. The children knew about the war with the United States and the dropping of atomic bombs on Hiroshima and Nagasaki. However, they didn't know about Japan's invasions of China, the Korean Peninsula, China's Taiwan region, Indonesia, and the Philippines. This is the reality, and that's why the education in Japan is so hopeless," said Kuroi, who knelt down before the Chinese people during his apology tour in northeast China's Jilin Province last September.

Kurokawa Yasuko, another descendant, also called for better education in Japan about its wartime history, saying it was essential for a properly informed public opinion.

"I think that [the lack of war history education] is wrong. It's important to teach students the history of Japan's invasion to others in the modern world, otherwise the public opinion of this country will be steered in the wrong direction," she said.

"We hope to create a strong anti-war public opinion in Japan. My activities are called 'micro-power' in Japan, a tiny power indeed, but by gathering voices of support and agreement, such drops of water will become a stream, a river, and eventually an ocean. Without a peaceful future, mankind can't survive. Humanity's future can only be realized through the belief in peace," Kuroi said.

Japan should better inform younger generations about its wartime atrocities: WWII descendants

Japan should better inform younger generations about its wartime atrocities: WWII descendants

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