China, with its ongoing efforts to expand high-level institutional opening-up and deepen facilitation reforms in the foreign exchange sector, saw the transaction value processed for businesses doubled year-on-year in the first half of the year, a senior official of China's State Administration of Foreign Exchange (SAFE) said on Friday.
Over the years, the country has made efforts to advance the reform and high-level opening-up of the foreign exchange sector, and to facilitate cross-border trade and related investment and financing activities, said Li Bin, SAFE's deputy head at a press conference in Beijing. "By the end of June 2026, the number of banks participating in the foreign exchange facilitation reforms had increased to 33, covering the major banks that handle cross-border business. Banks had identified a total of 53,000 high-quality corporate clients, up 27 percent from the end of 2025. In the first half of this year, the value of transactions facilitated for these enterprises exceeded 580 billion U.S. dollars, doubling year-on-year," he said.
While deepening the reform and high-level opening up in the foreign exchange sector, the SAFE will continue to strike a dynamic balance between facilitation and risk control, safeguarding the bottom line of security under high-standard opening up, Li said.
"[We] are resolutely committed to preventing systemic risks. We have taken strict measures against illegal foreign exchange activities such as underground banking. In the first half of this year, over 300 criminal cases were investigated and handled, with fines and confiscations exceeding 400 million yuan (about 59.06 million U.S. dollars), effectively safeguarding the order of the foreign exchange market," he said.
China sees transaction value processed for businesses double year-on-year in H1
For more than 1,000 years, Jingdezhen, the "porcelain capital" in east China's Jiangxi Province, has shaped how the world understands porcelain, with even discarded shards preserving a living tradition.
Weng Yanjun, president of the Jingdezhen Imperial Kiln Institute, reflected on the scale and challenge behind Jingdezhen's historic creations.
"When I look at this gigantic dragon jar, I couldn't help going back to 600 years ago, when the emperor had this order to create something bigger than ever before. The failure rate of the dragon jar is so high. It could be nine out of 10. Even making failure products like this takes courage, takes techniques and takes commitment," said Weng.
Those failed attempts, once discarded, now preserve the evidence of how Jingdezhen pursued perfection.
For more than 1,000 years, Jingdezhen's porcelain industry has endured through the Song, Yuan, Ming and Qing dynasties (960-1911). What has survived is not only its porcelain, but also a living heritage of raw materials, workshops, kilns and specialized craftsmanship.
Those firings produced masterpieces as well as failures, with the discarded pieces forming another kind of archive.
At the Jingdezhen Imperial Kiln Institute, Weng told archaeology students that fragmented specimens sometimes provide more information than complete artifacts.
Weng leads the development of the world's first Ancient Ceramics Gene Bank, which extracts and catalogs the defining characteristics of each ceramic shard.
"For our institute alone, we have excavated more than 20 million pieces of shards for the past over 1,200 years. Among those shards, we do sorting, we do restoration, and we do scientific tests. And then we find, wow, a small shard can tell us much more information than even a whole piece," said Weng.
Using a standardized sample library and unified data framework, the project records each piece's shape, decoration, body material, glaze, color, firing marks and inscriptions, creating a valuable resource for authentication and research around the world.
"The whole city is a wonderful lab and space range makes Jingdezhen uniquely a wonderful example of how the handicraft ancient industry with porcelain as the focus survived even to today," Weng added.
Jingdezhen once helped establish benchmarks for how porcelain was made. Now, the gene bank is turning fragments into a language that can be read beyond the city. For French artist and researcher Yann Colleu, learning to read that language has also changed the way he creates.
"Since my childhood, my parents had these teapots, tea sets, plates and cups. I was very curious about the pattern, like the meaning, what was behind it? Actually when I discovered in Jingdezhen that it was a bat, because of 'fu' and 'fu' is fortune, but also you have the 'wufu,' like the five blessings. I was like a child with stars in the eyes, discovering the world for the first time," said Colleu, PhD candidate at Jingdezhen Ceramic University.
What once seemed abstract became part of Yann's own visual language. In his work, traditional Jingdezhen motifs and production scenes are reimagined through a contemporary, cross-cultural lens.
"Jingdezhen is a timeless city. The past, the present and even the future are tied together. This is one of illustration of 72 traditional steps developing during the Ming Dynasty (1368-1644). The difference is, instead of using Chinese characters, I use foreigners. I want to use the past to talk about the present and even the future with Jingdezhen," said Colleu.
The Jingdezhen Handicraft Porcelain Industry Sites were inscribed on the UNESCO World Heritage List on Saturday. The inscription recognizes not just a single kiln or masterpiece, but an entire production system, from its archaeological remains and traditional craftsmanship to its industrial knowledge and global influence.
Porcelain shards preserve Jingdezhen’s timeless legacy
