A flag-raising ceremony was held in Tian'anmen Square in Beijing on Wednesday morning to mark China's National Day on the 76th anniversary of the founding of the People's Republic of China.
The national flag was escorted into the square by the Chinese People's Liberation Army (PLA) Guard of Honor following a chorus of trumpets.
Thousands of spectators from all over the country had gathered in the square from the early morning, waiting for hours to witness the flag raising. They sang along with the military band playing the Chinese national anthem as the flag was raised, many held national flags in their hands.
The middle of the square was decked out with an eye-catching flower basket as part of National Day decorations adorning the center of the Chinese capital.
Beijing holds flag-raising ceremony on China's National Day
Beijing holds flag-raising ceremony on China's National Day
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
