BEIJING, July 21 (Xinhua) -- The overall operations of China's small and medium-sized banks are stable and their risks are generally controllable, an official said Thursday.The country's small and medium-sized banks handled non-performing loans worth 594.5 billion yuan (about 87.8 billion U.S. dollars) in the first half of this year, up 118.4 billion yuan over the same period last year, Qi Xiang, spokesperson for the China Banking and Insurance Regulatory Commission, told a press conference.As the most vibrant community in the banking sector, small and medium-sized banks have total ass...
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BEIJING, July 21 (Xinhua) -- The Chinese currency renminbi (RMB), or the yuan, has retained its position as the fifth most active currency for global payments by value in June 2022, with a share of 2.17 percent, said the Society for Worldwide Interbank Financial Telecommunication (SWIFT).The value of RMB payments increased by 6.61 percent compared to May 2022, while in general, all payments currencies increased by 5.3 percent, according to SWIFT, a global provider of financial messaging services.Regarding international payments, excluding those within the Eurozone, the RMB ranked sixth, with a...
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During their 9th High-Level Economic and Trade Dialogue on Tuesday, China and the European Union (EU) agreed to make joint efforts to promote practical cooperation in the field of economy and trade, and to jointly cope with the challenges facing the global economy.The dialogue, which was held via video link, was co-chaired by Chinese Vice Premier Liu He and Valdis Dombrovskis, executive vice president of the European Commission.The two sides had pragmatic, frank and efficient discussions on four topics, namely the macro economy, industrial chain and supply chain, trade and investment, and fina...
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Iranian President Ebrahim Raisi and his Russian counterpart Vladimir Putin held talks on Tuesday, agreeing to further strengthen bilateral relations and expand cooperation to ensure security in the region.The meeting was held following Putin's arrival in Tehran on Tuesday afternoon for participation in a trilateral meeting with Raisi and Turkish President Recep Tayyip Erdogan on the issue of Syria later in the day, according to a report by the Iranian presidency's website.The two sides reviewed the latest developments in bilateral relations, which have improved significantly following ...
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Workers transport materials at an assembly workshop of CRRC Zhuzhou Locomotive Co., Ltd. in Zhuzhou, central China's Hunan Province, July 5, 2022. (Xinhua/Chen Zeguo)BEIJING, July 19 (Xinhua) -- China's industrial economy showed great resilience in the first half of the year amid complex situations at home and abroad.The value-added industrial output went up 3.4 percent year on year in H1. In June alone, industrial output growth quickened to 3.9 percent year on year, expanding by 3.2 percentage points from that in May, official data showed.Looking ahead, there is much to be anticipated...
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