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China-proposed initiatives correspond to realities world faces: Guterres

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China-proposed initiatives correspond to realities world faces: Guterres

2025-09-02 11:06 Last Updated At:11:37

The initiatives proposed by China have offered a clear response to the world's current challenges, United Nations Secretary-General Antonio Guterres said Sunday.

Speaking in an exclusive interview with China Global Television Network (CGTN) on the sidelines of the Shanghai Cooperation Organization (SCO) Summit in north China's port city of Tianjin, Guterre highly commented on the initiatives proposed by China these years.

He said China has always stood on the side of peace and justice, contributing greatly to promoting world peace and development.

"We need to have a universal vision. So, the Chinese contribution is a contribution that was extremely important for the victory of the Allies that include China. We see a multiplication of conflicts. There are deep inequalities in the global economy. I think that corresponds to a clear response to the realities that we face. In my opinion, [what can] characterize President Xi Jinping is that he is a man with a clear strategic vision," said Guterres.

Xi proposed the Global Development Initiative, the Global Security Initiative and the Global Civilization Initiative respectively in 2021, 2022 and 2023. When chairing the "Shanghai Cooperation Organization (SCO) Plus" Meeting on Monday, Xi proposed the Global Governance Initiative (GGI), the fourth landmark global initiative over the past several years.

The UN chief was in Tianjin to attend the SCO summit, which took place from Sunday to Monday, and which brought together leaders from more than 20 countries and the heads of 10 international organizations.

China-proposed initiatives correspond to realities world faces: Guterres

China-proposed initiatives correspond to realities world faces: Guterres

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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