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Spokesman on China-Russia defense cooperation

China

Spokesman on China-Russia defense cooperation
China

China

Spokesman on China-Russia defense cooperation

2025-08-08 17:09 Last Updated At:19:37

Relevant parties should perceive normal defense cooperation between China and Russia objectively and rationally, said Jiang Bin, spokesman of the Ministry of National Defense, at a press conference in Beijing on Friday.

Jiang made the remarks in response to reports that aircraft and vessels from certain countries repeatedly appeared near the China-Russia "Joint Sea-2025" exercise area, claiming that the drills had clear intentions targeting third parties.

"The China-Russia 'Joint Sea' series of exercises are an institutionalized cooperation program between the two navies, which have run 10 editions successfully since 2012. It has become an important platform for practical military cooperation between the two armies. At present, fleets participating in the joint exercises from both sides have completed scheduled drills on subjects of joint air defense, anti-surface warfare, and anti-submarine operations, and have now transitioned to joint maritime patrol. China and Russia have always adhered to the principles of non-alliance, non-confrontation, and not targeting any third party in developing their bilateral and military relations, and together play a significant role in safeguarding international and regional peace and stability. We hope relevant parties will perceive China-Russia normal defense cooperation objectively and rationally, and stop making groundless speculations and stop vilifying and hyping it," said Jiang.

Spokesman on China-Russia defense cooperation

Spokesman on China-Russia defense cooperation

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

China's aggregate social financing maintains high growth in 2025

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