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15th World Socialism Forum opens in Beijing

China

China

China

15th World Socialism Forum opens in Beijing

2025-11-04 05:31 Last Updated At:07:17

The 15th World Socialism Forum opened in Beijing on Monday, bringing together nearly 90 delegates from 35 countries, including leaders of foreign communist parties, prominent Marxist scholars, and socialist thinkers, to explore development paths and global governance.

The two-day event is being hosted by the Chinese Academy of Social Sciences.

Under the theme "At the Crossroads of World History: The Choice of All Nations," participants discussed a wide range of topics, from Chinese modernization and the rise of the Global South, to reforming global governance, upholding fairness and justice, and safeguarding the postwar international order.

Hasan Tarique Chowdhury, general secretary of Bangladesh Afro Asian People's Solidarity Organization, said China's modernization experience and its model of socialism with Chinese characteristics set ambitious goals for other nations to learn from.

"So this is the sample for the other nations who want to develop socialism in their own countries on the basis of shared development, on the basis of global cooperation, denying the theory of unipolarity and accepting the theory of multipolarity," he said.

"Now the Western ideas of liberal capitalist development cannot provide good answers to the questions of the 21st century. So that's why it's very important to pay more attention to the ideas which are being developed by China,” said Alexander V. Lomanov, deputy director and chief researcher at Russian Academy of Sciences.

Other delegates said the spirit of cooperation, equality, and a desire for shared development embodied at the forum will be vital in shaping a more just and peaceful global order.

15th World Socialism Forum opens in Beijing

15th World Socialism Forum opens in Beijing

China's external debt remained generally stable, with outstanding external debt reaching nearly 2.33 trillion U.S. dollars at the end of last year, official data showed on Friday.

This figure was down 15.5 billion dollars, or 0.7 percent, from the end of 2024, according to data released by the State Administration of Foreign Exchange.

China's external debt currency structure had improved in 2025, while the maturity structure remained basically stable, said Li Bin, deputy head and spokesperson of the administration.

At the end of 2025, local currency-denominated external debt had accounted for 55.5 percent of the total, up 1.4 percentage points from the end of 2024, said Li.

In terms of maturity structure, medium- and long-term external debt accounted for 43.5 percent of the total at the end of 2025, down 0.6 percentage points from the end of 2024, Li noted.

Data also revealed that at the end of last year, China's ratio of outstanding external debt to gross domestic product had stood at 11.9 percent, while the ratio of outstanding external debt to export revenue was 56.3 percent.

These indicators remained within internationally recognized safety thresholds, and China's external debt risks are generally controllable, Li explained.

China reports generally stable external debt in 2025

China reports generally stable external debt in 2025

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