China and Japan can jointly advance the strategic relationship of mutual benefit and strive to build constructive and stable bilateral ties fit for the new era, Chinese Foreign Minister Wang Yi said in Malaysia's Kuala Lumpur on Thursday.
Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks during his meeting with Japanese Foreign Minister Takeshi Iwaya.
Noting that China and Japan are important neighbors, Wang said the relationship between the two countries is of far-reaching significance beyond the bilateral scope.
This year marks the 80th anniversary of the victory in the Chinese People's War of Resistance Against Japanese Aggression and the World Anti-Fascist War, which is an important opportunity to face up to history and forge ahead into the future, Wang said.
It is hoped that Japan will draw profound lessons from history and adhere to the path of peaceful development, Wang said, adding that on this basis, bilateral relations can provide more certainty and new impetus for development to the region and the world.
Wang said that China's policy toward Japan has always maintained stability and continuity, hoping that the Japanese side would establish an objective and correct understanding of China and uphold a positive and rational policy towards China.
The four political documents between China and Japan have made clear stipulations on the Taiwan question, Wang said, adding that Japan must strictly abide by them, act in accordance with its words and safeguard the political foundation of bilateral relations.
Iwaya said that Japan-China relations have made a series of positive progress recently, demonstrating the state of bilateral relations as they should be, adding that it is necessary for the two countries to further strengthen communication, reduce differences, expand cooperation, and promote the stable development of the Japan-China strategic relationship of mutual benefit.
Regarding the Taiwan question, Japan has maintained the position stated in the 1972 joint statement between Japan and China and has not changed it, he said.
Noting that this year marks the 80th anniversary of the end of World War II, Iwaya said that Japan will earnestly address history, look into the future, and continue to follow the path of peaceful development.
Japan looks forward to working with China to strengthen exchanges at all levels and promote cooperation in various fields, he added.
The two sides also held candid and in-depth discussions on issues of mutual interest.
China, Japan can build constructive, stable relations fit for new era: Chinese FM
China's stock market demonstrated robust performance in 2025 with new records in various sectors.
Against the backdrop of global liquidity easing and evolving industrial policies, the A-share market experienced a landmark year. Multiple key metrics - including total market capitalization, trading volume, as well as margin trading and short selling balances - achieved historic breakthroughs, demonstrating remarkable vitality and resilience.
In terms of overall performance, as of Dec. 31, 2025, the total market capitalization of A-shares reached approximately 118.91 trillion yuan, marking a net increase of 25.30 trillion yuan from the year's opening level of 93.61 trillion yuan. This represents a growth rate of 27.03 percent, according to data from financial information provider Wind.
In 2025, major A-share indices extended their annual gains compared to 2024.
On Dec. 31, 2025, the Shanghai Composite Index stood at 3,968.84 points, marking an annual increase of 18.41 percent - the largest annual gain since 2020. The Shenzhen Component Index rose 29.87 percent for the year, while the ChiNext Index surged 49.57 percent. The Beijing Stock Exchange 50 Index recorded an annual gain of 38.80 percent, while the STAR Market 50 Index rose 35.92 percent for the year.
As major indices rose, market trading activity intensified. Throughout 2025, the A-share market recorded a total trading value of approximately 420 trillion yuan, marking a growth of over 60 percent compared to the previous year and nearly doubling the 2023 annual value. It also marked the first time in history that the annual trading value surpassed the 400 trillion yuan threshold.
The margin trading and short selling scale in the A-share market expanded rapidly in 2025. As of the year end, the outstanding margin trading and short selling balance in the A-share market increased by 690.7 billion yuan during the year to reach 2.5 trillion yuan, setting a new historical high.
Notably, the growth in the balance was primarily driven by the increase in the financing balance. Although the short selling balance also increased in 2025, its cumulative growth for the year was less than 10 billion yuan, with the absolute value of the short selling balance remaining at a low level in recent years.
As market sentiment continued to heat up, major sectors in the A-share market saw increases. Key industry sectors rose to varying degrees, with over half posting annual increases exceeding 30 percent.
Boosted by sharp rises in precious metal prices, the nonferrous metals sector delivered standout performance throughout 2025. Defense and military, telecommunications, machinery and equipment, automotive, power equipment, and electronics sectors also ranked among the top annual gainers. Sectors like food and beverages, coal, and banking showed relatively weaker annual performance but still managed modest gains.
Against the backdrop of a broad market rally, individual stocks also rose, with many delivering standout performances. Data indicates that over 4,200 A-shares saw price increases in 2025, accounting for more than three-quarters of the total. Specifically, after excluding newly listed stocks, over 500 A-shares still doubled in value, with more than 100 stocks achieving annual gains exceeding 200 percent.
China's stock market demonstrates strong performance with multiple new records in 2025
