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China-SCO trade hits record high as cooperation deepens

China

China

China

China-SCO trade hits record high as cooperation deepens

2025-08-21 11:49 Last Updated At:16:27

China's trade volume with fellow Shanghai Cooperation Organization (SCO) members reached a record high in the first seven months of this year, data from the General Administration of Customs (GAC) showed on Wednesday.

From January to July, China's total imports and exports with other SCO members reached 2.11 trillion yuan (about 294 billion U.S. dollars), marking a 3-percent increase year on year, according to GAC.

Notably, China's trade with fellow SCO members surged 8.5 percent to 326.05 billion yuan in July, marking the highest monthly value and growth rate so far this year.

Agricultural trade has been a bright spot. China's exports of agricultural machinery and pesticide formulations to SCO partners jumped 47.8 percent and 30.3 percent, respectively, while its imports of their agricultural products rose 6.2 percent during the seven-month period.

The SCO has steadily expanded and deepened cooperation across all sectors since its founding in 2001, driving intra-regional trade to successive record highs.

In 2024 alone, China's trade with other SCO members hit 3.65 trillion yuan, 36.3 times the level recorded when the organization was established, according to GAC data

China-SCO trade hits record high as cooperation deepens

China-SCO trade hits record high as cooperation deepens

China-SCO trade hits record high as cooperation deepens

China-SCO trade hits record high as cooperation deepens

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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