Balance of medium-, long-term loans to China's manufacturing sector up 8.7 percent by June

As of the end of June this year, the balance of medium- and long-term loans to China's manufacturing sector grew by 8.7 percent year on year, with an increase of 920.7 billion yuan (around 128 billion U.S. dollars) in the first half of 2025, according to the Ministry of Industry and Information Technology on Thursday.

Since the official launch of the national industry-finance cooperation platform led by the ministry in February 2021, the platform has brought a total financing volume of over 1.2 trillion yuan (around 167 billion U.S. dollars) to relevant enterprises, the ministry said at an industry-finance cooperation conference held in Yibin City of southwest China's Sichuan Province on Thursday and Friday.

"By the end of June, the balance of medium- and long-term loans to China's manufacturing sector increased by 8.7 percent year on year, 1.6 percentage points higher than the overall loan growth, with relending for sci-tech innovation and technological transformation reaching 800 billion yuan (around 110 billion U.S. dollars)," said Lei Wen, deputy director of the finance department of the Ministry of Industry and Information Technology.

Balance of medium-, long-term loans to China's manufacturing sector up 8.7 percent by June

The "Sanya-Irkutsk" passenger flight route officially went into operation on Sunday, marking the first international passenger route launched by the Sanya Phoenix International Airport in 2026.

At 01:40 Sunday, a Russian Airlines passenger plane from Irkutsk in Russia's Siberia landed smoothly at the Sanya Phoenix International Airport, south China's tropical island province of Hainan, signifying the official opening of the new flight route.

The route is operated with the Airbus A320 aircraft, with three flights per week, arriving in and departing from Sanya on Tuesday, Friday and Sunday. With the addition of this new route, the Sanya Phoenix International Airport has direct air links with 11 Russian cities, running a total of 26 flights per week.

Irkutsk is located in the heart of Eastern Siberia, Russia. It is a vital transportation hub and a famous cultural and tourism city with strong tourist appeal.

New passenger flight route launched between Sanya in south China, Irkutsk in Russia's Siberia

New passenger flight route launched between Sanya in south China, Irkutsk in Russia's Siberia