China's cross-border capital flows had been balanced in May with the foreign exchange market remaining generally stable in the month, according to data released by the State Administration of Foreign Exchange (SAFE) on Monday.
The amount of foreign exchange settlement and sales by banks in May stood at 176 billion U.S. dollars and 191.9 billion dollars, respectively.
During the January-May period of 2024, the accumulative amount of foreign exchange settlement and sales by banks came in at 891.9 billion dollars and 970.7 billion dollars, respectively.
In May, the amount of cross-border receipts and payments by non-banking sectors reached 584.8 billion dollars and 585.1 billion dollars, respectively.
From the January-May period of this year, the accumulative amount of cross-border receipts and payments by non-banking sectors came in at around 2.835 trillion dollars and 2.871 trillion dollars, respectively.
China's foreign exchange market remains generally stable in May
China's foreign exchange market remains generally stable in May
Chinese Foreign Minister Wang Yi met Wednesday in Beijing with Nauruan Minister for Foreign Affairs and Trade Lionel Aingimea, who came to China for the opening ceremony of the Nauru Embassy in China.
Wang, a member of the Political Bureau of the Communist Party of China Central Committee, noted that since the resumption of diplomatic relations between China and Nauru, both sides have fostered mutual understanding and support, while the pragmatic cooperation has developed comprehensively, bringing tangible benefits to the people of Nauru.
China appreciates Nauru's firm adherence to the one-China policy and believes that Nauru will continue to support China in safeguarding its sovereignty and territorial integrity, thus consolidating the political foundation of bilateral relations, Wang said.
China is willing to deepen cooperation with Nauru in various fields including agriculture and fisheries, sports, marine development, climate change response, and capacity building, Wang said, adding that China congratulates Nauru on the upcoming official opening of its embassy in China and is willing to provide conveniences and assistance for the embassy's operation.
Aingimea, for his part, said that Nauru sincerely thanks China for the valuable assistance provided in infrastructure construction and socio-economic development, which helps improve people's livelihood and sustainable development of Nauru.
Nauru will not waver in its stance of adhering to the one-China principle and looks forward to expanding bilateral cooperation in various fields and pushing bilateral relations to a new level, Aingimea added.
Chinese FM meets Nauruan counterpart
