China and Russia will hold a joint naval exercise in August and then conduct a joint maritime patrol, said Zhang Xiaogang, spokesman of the Ministry of National Defense at a press conference in Beijing on Wednesday.
"The Chinese and Russian navies will hold the 'Exercise Joint Sea-2025' in the sea and air spaces near Vladivostok, Russia in August. the two sides will deploy contingents from the participating forces to the relevant waters of the Pacific Ocean for the sixth joint maritime patrol after concluding the exercise," said Zhang.
"This is an arrangement within the annual cooperation plan between the Chinese and Russian militaries. It is not targeted at any third party, nor is it related to the current international and regional situation," he said.
Chinese, Russian navies to hold joint exercise, maritime patrol
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
