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

China will raise its retail prices of gasoline and diesel from Tuesday, following a sharp rise in international oil prices, the country's top economic planner said on Monday.

Gasoline and diesel prices will increase by 695 yuan (about 100.5 U.S. dollars) and 670 yuan per tonne, respectively, according to a statement released by the National Development and Reform Commission (NDRC).

The NDRC's price monitoring center said that developments in the Middle East will be the key factor influencing global oil price trends in the period ahead.

China's three biggest oil companies -- the China National Petroleum Corporation, the China Petrochemical Corporation, and the China National Offshore Oil Corporation -- and other refineries have been directed to maintain production and facilitate transportation to ensure stable supplies.

Relevant departments in various regions should intensify their market supervision and inspection efforts. They should implement strict measures to crack down on activities that violate national pricing policies to ensure market order, the NDRC said.

China to raise gasoline, diesel retail prices