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Xi's tour forges deeper ties with neighboring countries, promotes mutual development: analysts

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      China

      China

      Xi's tour forges deeper ties with neighboring countries, promotes mutual development: analysts

      2025-04-19 20:30 Last Updated At:23:17

      Thai and Indonesian analysts have hailed Chinese President Xi Jinping's just-concluded Southeast Asia visit a signal of China's dedication to mutual development with neighboring countries, expressing optimism for deeper ties between Southeast Asian countries and China.

      Xi paid state visits to Vietnam, Malaysia, and Cambodia from Monday to Friday, marking his first overseas trip of the year.

      "President Xi's visit to the three Southeast Asian countries conveys China's sincere aspiration to work with neighboring countries for shared development and prosperity and jointly building a community with a shared future. 'A close neighbor is better than a distant relative' reflects China's philosophy of neighborly relations since ancient times. China warmly welcomes neighboring countries to board the 'express train' of China’s development, enabling more of China's development fruits to benefit the neighboring countries. These principles are believed to deepen the connections between ASEAN countries and China," said Chib Jitniyom, vice chairman of the Thai Senate Foreign Affairs Committee.

      Indonesian scholars noted this visit strengthens China-Southeast Asia relations against the backdrop of a complex international landscape.

      "We also expect that during these chaotic and very difficult circumstances, China will also strengthen relations with Southeast Asia. And within ASEAN Plus China, ASEAN Plus One, we hope there will be more opportunities for Southeast Asia to form a better relation with China," said Evi Fitriani, a professor of international relations at the University of Indonesia.

      "President Xi Jinping, by visiting the neighboring countries, this is a very strategic thing, because neighboring countries are the closest countries that we can rely on if we have problems," said Arif Zamhari, a professor at Maulana Malik Ibrahim Islamic State University Malang.

      Xi's tour forges deeper ties with neighboring countries, promotes mutual development: analysts

      Xi's tour forges deeper ties with neighboring countries, promotes mutual development: analysts

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      April financial data indicates China's commitment to strengthening real economy

      2025-05-14 21:10 Last Updated At:21:37

      China's major financial indicators in April grew at a faster pace than in March, providing powerful support for the real economy, as indicated by central bank data released on Wednesday.

      According to the People's Bank of China (PBOC), China's outstanding aggregate financing to the real economy (AFRE), the total amount of financing to the real economy, reached 424 trillion yuan (about 58.84 trillion U.S. dollars) at the end of April, marking an 8.7 percent increase on a yearly basis.

      The M2, a broad measure of money supply that covers cash in circulation and all deposits, increased by eight percent year on year to around 325 trillion yuan at the end of April.

      China issued 10.06 trillion yuan in new yuan-denominated loans in the first four months of 2025.

      In April, inclusive small and micro loans, and medium- and long-term loans in the manufacturing industry increased by 11.9 percent and 8.5 percent year on year, respectively, both higher than the average growth rate of various loans in the same period.

      In the same month, the weighted average interest rate for new business loans declined about four basis points from March to about 3.2 percent, maintaining a historically low level.

      April financial data indicates China's commitment to strengthening real economy

      April financial data indicates China's commitment to strengthening real economy

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