Xi meets Kazakh president in Tianjin

President Xi Jinping met with Kazakh President Kassym-Jomart Tokayev in the northern Chinese city of Tianjin on Saturday.

Tokayev is in Tianjin to attend the Shanghai Cooperation Organization (SCO) Summit 2025, which is scheduled for Aug 31 to Sept 1. After that, he will come to Beijing to attend the commemorations of the 80th anniversary of the victory in the Chinese People's War of Resistance Against Japanese Aggression and the World Anti-Fascist War scheduled for Sept 3.

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Xi meets Kazakh president in Tianjin

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Xi meets Kazakh president in Tianjin

At their meeting, Xi said that China and Kazakhstan are strategic partners who can trust and count on each other.

No matter how the international situation changes, the two sides should remain committed to good-neighborliness, pursue openness and mutual benefit, and remain firm in working together to build a community with a shared future, Xi said.

Xi also said that the two sides should firmly support each other on issues concerning core interests and major concerns, consolidate and expand all-round cooperation, and bring China-Kazakhstan relations to a new level.

The two countries should also forge stronger synergy of development strategies, explore more convergence of interests and areas of cooperation, consolidate the foundation of energy cooperation, deepen cooperation on connectivity, advance the "hard connectivity" of infrastructure, and strengthen soft connectivity of policies and mechanism, Xi said.

Xi also said that the two countries should forge closer bonds between the peoples, make China-Kazakhstan Year of Cultural Exchange a success, deepen multilateral collaboration, make the SCO more substantive and stronger, jointly safeguard the international system centered on the United Nations, and work for a more just and equitable international order.

Noting that China has done an excellent job as the SCO rotating presidency, Tokayev said that Kazakhstan has actively participated in the entire agenda and is willing to collaborate closely with China to ensure a successful SCO summit.

Tokayev also extended his congratulation on the 80th anniversary of the victory in the Chinese People's War of Resistance Against Japanese Aggression, saying that the Chinese people made a great contribution to the victory of the World Anti-Fascist War, and displayed extraordinary courage and patriotism.

The Kazakhstan-China relations are at an unprecedented level, with the bilateral trade reaching a record high last year and major project progressing smoothly, said Tokayev, adding that Kazakhstan is willing to work with China to deepen pragmatic cooperation, step up people-to-people and cultural exchanges, and advance the bilateral relations to a new height.

During the meeting, the two leaders witnessed the signing of more than 20 bilateral cooperation documents in areas of development strategy alignment, energy, science and technology, housing and urban development, education, sports, and wildlife protection. They also witnessed the unveiling ceremony of two newly established Luban Workshops in Kazakhstan.

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.