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China men's basketball team aims high despite narrow loss in Asia Cup final: head coach

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China men's basketball team aims high despite narrow loss in Asia Cup final: head coach

2025-08-18 22:30 Last Updated At:08-19 01:27

Ten years after their last appearance in the FIBA Asia Cup final, China's men's basketball team fell just short of the title this year but has its sights set firmly on the 2027 World Cup and the 2028 Olympic Games, head coach Guo Shiqiang said.

China lost to Australia by a single point in Sunday's final to finish as runner-up in the 2025 FIBA Asia Cup in Saudi Arabia.

Injuries took a heavy toll on the team during the tournament, making the campaign especially challenging for its younger players, Guo said in an interview with China Media Group (CMG) after the final.

"This Asia Cup presented quite a challenge to our new roster of Chinese National Basketball Team because of changes regarding our team members. Seven of our players had to miss this Asia Cup due to injuries and other issues. That meant only three of our players had prior Asia Cup experience, while nine were competing for the first time. We also had many young players in the squad," said Guo.

Despite the disappointment, Guo said his talented young squad had the spirit and passion to aim for future goals.

"The Asia Cup was just one of our short-term targets. We are working within a four-year Olympic cycle with detailed plans and respective goals for each year. We have basically achieved what we hoped for the Asia Cup. The ultimate goal is to perform well at the 2027 World Cup and secure a spot at the 2028 Olympic Games," said Guo.

China men's basketball team aims high despite narrow loss in Asia Cup final: head coach

China men's basketball team aims high despite narrow loss in Asia Cup final: head coach

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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