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One-China principle where global opinion trends, arc of history bends: spokeswoman

China

One-China principle where global opinion trends, arc of history bends: spokeswoman
China

China

One-China principle where global opinion trends, arc of history bends: spokeswoman

2026-06-03 14:28 Last Updated At:15:17

The one-China principle is where global opinion trends and where the arc of history bends, a Chinese spokeswoman noted on Wednesday.

Officials from various countries such as Russia, Canada and Thailand have recently reaffirmed their governments' commitment to the one-China principle.

Speaking at a press conference in Beijing, Zhu Fenglian, the spokeswoman for the State Council Taiwan Affairs Office, expressed appreciation for their righteous position.

"We appreciate the position and practice of relevant countries to uphold the one-China principle and support China's reunification. Facts have shown that the one-China principle is a basic norm in international relations and a prevailing consensus in the international community. It's where global opinion trends and where the arc of history bends," Zhu said.

One-China principle where global opinion trends, arc of history bends: spokeswoman

One-China principle where global opinion trends, arc of history bends: spokeswoman

One-China principle where global opinion trends, arc of history bends: spokeswoman

One-China principle where global opinion trends, arc of history bends: spokeswoman

Gold became the largest component of global official reserves in 2025, surpassing holdings of U.S. Treasuries and the euro as rising prices boosted its share, the European Central Bank (ECB) said Tuesday.

Gold made up 27 percent of the total official foreign reserves, including foreign exchange and gold holdings, at the end of 2025, compared with 22 percent for U.S. Treasuries and 15 percent for the euro, according to an ECB report.

Data released by the ECB showed that global central bank gold purchases surged in 2022, peaked in 2024, and then eased in 2025.

Gold purchases by central banks fell to around 850 tons, below the average level between 2022 and 2024, which topped 1,000 tons. Despite historically high prices, demand for gold remained elevated.

The increase in gold's share of official reserves was driven largely by soaring prices, the ECB said. Gold prices soared by 60 percent and 30 percent in nominal terms in 2025 and 2024, respectively.

Apart from diversification, central banks use gold as a hedge against geopolitical risk. However, compared to fiat currencies, gold's status as part of reserves has limitations, the ECB report argued, citing price volatility, the inability to be remunerated, high storage costs, and inelastic supply.

Gold surpasses US Treasuries, euro in global official reserves: ECB

Gold surpasses US Treasuries, euro in global official reserves: ECB

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