UN chief on immediate action to achieve Paris Agreement goal

It is still possible to reach the Paris Agreement goal of limiting average global warming to 1.5 degrees Celsius, although the world is dangerously close to overshooting this critical threshold, said United Nations (UN) Secretary-General Antonio Guterres last week.

In an exclusive interview with China Media Group in Tianjin, where he attended the Shanghai Cooperation Organization (SCO) Summit 2025 from August 31 to September 1, Guterres urged immediate and drastic reductions in greenhouse gas emissions to avoid devastating consequences.

"We are not yet completely off track. It's still possible to reach 1.5 (degrees Celcius) as a limit for global warms at the end of the century. But we are already with overshooting and we absolutely must drastically reduce emissions immediately. If we do not do so, we will risk to come to the end of the century with the temperature somewhere between two and three percent increase, which of course would be completely devastating in our world," he said.

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.