China on Friday sent a new test satellite into space from the Xichang Satellite Launch Center in the southwestern province of Sichuan.
The Shiyan-29 satellite was launched at 10:34 (Beijing Time) aboard a Long March-3C carrier rocket, with the Yuanzheng-1 (Expedition-1) upper stage attached to the carrier rocket. The satellite successfully reached its preset orbit.
It will be used mainly for space environment exploration and related technology tests
This is the 592nd flight mission of the Long March carrier rocket series.
China successfully launches new test satellite
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
