Chinese stocks closed higher on Friday, with the benchmark Shanghai Composite Index up 0.92 percent to 4,120.43 points.
The Shenzhen Component Index closed 1.15 percent higher at 14,120.15 points.
The combined turnover of these two indices totaled 3.12 trillion yuan (about 444.9 billion U.S. dollars), up from 2.82 trillion yuan on the previous trading day.
Stocks related to printing and packaging, as well as media and entertainment sectors, led the gains, while financial shares suffered major losses.
The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 0.77 percent to close at 3,327.81 points.
The STAR Composite Index, which reflects the performance of stocks on China's sci-tech innovation board, closed 2.09 percent higher at 1,803.4 points.
Chinese shares close higher Friday as combined turnover tops 3 trln yuan
Chinese Foreign Minister Wang Yi and his Argentine counterpart, Pablo Quirno, on Friday pledged to solidify the comprehensive strategic partnership and deepen cooperation across multiple sectors.
During their meeting on the sidelines of the Munich Security Conference, Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, recalled Chinese President Xi Jinping's meeting with Argentine President Javier Milei in 2024 and said China is ready to fully implement the consensus reached by the two heads of state to improve the well-being of the two peoples.
The two sides should remain committed to the right direction of bilateral relations, he said, calling for enhanced friendly exchanges at all levels and firm support for each other on issues concerning core interests.
He emphasized the resilience of bilateral ties between China and Argentina over the past 54 years since diplomatic relations were established, noting that the two countries have always respected each other and treated each other as equals, and the relationship has weathered international changes with remarkable vitality.
Noting that China and Argentina are economically complementary with a solid foundation for practical cooperation, Wang proposed deepening collaboration in economy and trade, technology, finance, and mining, and welcomed Argentina to utilize platforms such as the China International Import Expo and the Canton Fair to bring more quality products to the Chinese market.
He also expressed hope that Argentina would provide a fair, transparent, and non-discriminatory business environment for Chinese enterprises, and welcomed Argentine citizens to take advantage of the visa-free policy for trips to explore China.
"China's development and growth represent a reinforcement of peace and stability in the world," Wang said. "We never engage in geopolitical contests, nor do we ask other countries to take sides. China-Argentina cooperation is not targeted at any third party, nor should it be disrupted by any third-party factors."
For his part, Quirno said Argentina and China are each other's major trading partners and enjoy a comprehensive strategic partnership, stating that Argentina has benefited significantly from cooperation with China.
He also conveyed gratitude for China's valuable support on the sovereignty issue of the Malvinas Islands and for its assistance during Argentina's economic difficulties. Quirno reaffirmed Argentina's firm commitment to the one-China principle.
The Argentine foreign minister expressed hope for closer exchanges with China and deeper cooperation in trade, energy, mining, and finance. He welcomed Chinese enterprises to invest and operate in Argentina.
China, Argentina pledge mutual support on core interests, deeper economic cooperation
