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Chinese VP meets Danish biomedical company chair

China

China

China

Chinese VP meets Danish biomedical company chair

2025-08-20 20:22 Last Updated At:21:07

Global biomedical companies are welcome to step up cooperation with China, Vice President Han Zheng said in Beijing on Wednesday when meeting with Helge Lund, chair of Novo Nordisk board of directors from Denmark.

Han recalled that President Xi Jinping replied in May to a letter from the founder of the Danish Chamber of Commerce in China, encouraging the chamber and its member enterprises to make new contributions to enhancing China-Denmark and China-Europe friendship and deepening mutually beneficial cooperation.

The economic complementarity between China and Denmark, and China and Europe, is strong, with broad prospects for cooperation, Han said.

He noted that by continuously deepening its reform and expanding its high-level opening-up, China will provide huge development opportunities for enterprises from all over the world, including Novo Nordisk.

China prioritizes its people's health, Han said, stressing that the country has built the world's largest basic health care insurance network and its average life expectancy continues to rise. He welcomed Novo Nordisk and other leading biomedical companies to step up cooperation with China.

Lund spoke highly of the achievements China has made in economic and social development in recent years, stating that the company will cultivate the Chinese market further, expand investment in China and achieve win-win results.

Chinese VP meets Danish biomedical company chair

Chinese VP meets Danish biomedical company chair

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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