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China's forex market sustains stable run, trend in line with expectations

BEIJING, Aug. 18 (Xinhua) -- China's foreign exchange market sustained a stable run in July, with the overall trend in line with market expectations, experts said on Tuesday when commenting on July forex data. According to the State Administration of Foreign Exchange (SAFE), banks' forex settlement reached 266.3 billion U.S. dollars, while sales stood at 248 billion dollars in July, yielding a surplus of 18.3 billion dollars. In the first seven months of 2026, cumulative settlement totaled 1,831.6 billion dollars against sales of 1,542.2 billion dollars, posting a surplus of 289.4 billion dollars. The balanced supply-demand picture was underpinned by steady expansion in cross-border transactions. Cross-border receipts and payments by non-bank institutions, including enterprises and individuals, totaled 1.7 trillion dollars in July, surging 20 percent year on year, with a net capital inflow of 59.8 billion dollars. The country's forex market trading volume also climbed 8 percent from a year earlier to 4.3 trillion dollars, remaining at a high level. Li Bin, deputy head and spokesperson of SAFE, said that since July, despite a complex and volatile external environment, heightened geopolitical uncertainties and continued fluctuations in international financial markets, China's forex market has remained stable with steady growth in cross-border receipts and payments. Market expectations were generally stable and foreign exchange transactions were rational and orderly, Li added, noting that net inflows under goods trade stayed high, while net outflows under services trade and profit repatriation by foreign-invested enterprises were stable, contributing to the overall balance. Zhao Qingming, a specialist in international finance, said the bank settlement and sales surplus in July was in line with market expectations, with no abnormal one-sided fluctuations observed. "On the one hand, China's foreign trade has long demonstrated strong resilience, with a sustained surplus under goods trade providing stable supply to the domestic forex market and offering fundamental support for the settlement and sales surplus," Zhao said. "On the other hand, the renminbi exchange rate has continued to fluctuate in both directions while remaining generally stable. Market entities have generally adopted behavioral patterns of early settlement, delayed purchase of foreign exchange and postponed external payments, which helps maintain a balanced supply-demand dynamic in the forex market," Zhao added. Zhao said the current forex market supply and demand are in a broadly balanced state, and while the renminbi exchange rate is experiencing two-way fluctuations, the amplitude is moderate with prominent stability characteristics. Going forward, the forex market is expected to maintain a stable and orderly operating state, Zhao added.

2026-10-12 陶莉 CATTI练笔英-中

Chinese scientists find a way to boost rice yields while shortening growth cycle

Rice Photo: VCGChina's early rice production remained broadly stable in 2026 despite adverse weather, while Chinese scientists have identified a rare gene variant that could help rice mature earlier without sacrificing yield. A study published online in the journal Science on Friday showed the long-standing challenge in rice breeding - the difficulty of combining early maturity with high yields - could be addressed. A research team led by Zhang Jian at the China National Rice Research Institute identified and cloned a rare allele, namely TGW1aJZ, that can simultaneously shorten rice's growth duration and increase grain yield. The study found that the gene encodes a florigen-like protein that not only promotes flowering but also responds to nitrogen signals and enhances nitrogen uptake and use. The finding is particularly relevant to southern China, where farmers often use multiple-cropping systems involving early rice, late rice and oilseed crops. In parts of southern China, farmers can grow two rice crops in the same year, leaving only a short window to harvest one crop and plant the next. Cutting several days from the rice growth cycle could therefore help farmers fit more crops into the same growing season. The researchers said the gene could be used in different types of rice, including conventional early-season varieties and hybrid varieties planted later in the year, potentially providing a genetic resource for developing varieties that mature earlier while maintaining or increasing yields. "We identified the key gene for early maturity and high yield, and developed a series of improved varieties that mature three to eight days earlier while delivering 4 to 11 percent higher yields," Zhang said. China produced 56.58 billion jin (28.29 million tons) of early rice this year, according to data released by the National Bureau of Statistics (NBS). The output remained above 28 million tons for the sixth consecutive year, although it declined 0.8 percent from 2025. The country's early rice planting area increased slightly to 71.164 million mu, or about 4.74 million hectares, up 22,000 mu from a year earlier. Average yield stood at 397.6 kilograms per mu, down 0.8 percent year on year. Wei Fenghua, director of the NBS Rural Department, attributed the decline in yield partly to unfavorable weather during key stages of production. Persistent heavy rainfall in parts of southern China during the heading and flowering period affected pollination and grain setting, while several typhoons during the harvesting period caused waterlogging and lodging in some low-lying fields, affecting grain filling and harvesting. "The government has continued to support rice growers through policies including subsidies for farmland fertility protection and crop rotation, as well as measures to stabilize expectations for farmers planting early indica rice," Wei was quoted as saying by Beijing-based Science and Technology Daily.

2026-10-12 申梦涵时政英-中

李强会见巴西总统卢拉（2025-05-13）

2025年5月13日下午，国务院总理李强在北京人民大会堂会见来华进行国事访问的巴西总统卢拉。李强表示，中巴建交50多年来，始终相互尊重、相互支持，是同舟共济、共同发展的好朋友、好伙伴。当前，在两国元首战略引领下，中巴关系进入发展“黄金期”。习近平主席将同总统先生举行会谈，为推动中巴命运共同体建设进一步擘画蓝图。中方愿同巴方一道努力，保持高层交往，深化政治互信，不断丰富两国关系的战略内涵，全方位拓展双方互利合作，在实现现代化的道路上并肩前行、彼此成就。李强指出，当前国际形势复杂多变，中巴同为发展中大国和全球重要新兴经济体，应当更加紧密团结协作，携手抵御风险挑战，实现更高水平的互利共赢。中方愿同巴方加强发展战略对接，发挥产业结构互补优势，发掘更多利益契合点，深化金融、贸易投资、基础设施、产业链、绿色转型等领域合作，打造更多旗舰项目。双方要加强人工智能、数字经济、先进制造、生物医药等领域合作，持续壮大两国务实合作的创新动能。中方愿同巴方密切多边沟通协调，继续坚定维护联合国的中心地位，践行真正的多边主义，推进平等有序的世界多极化和普惠包容的经济全球化，推动构建人类命运共同体，为维护世界和平稳定贡献重要力量。卢拉表示，当前巴中关系保持高水平发展，携手构建更公正世界和更可持续星球的巴中命运共同体建设卓有成效。巴方高度重视发展对华关系，愿同中方进一步密切高层交往，加强巴西发展战略同“一带一路”倡议对接，深化金融、基础设施建设、产业链、农业、航天、医药、人工智能等领域互利合作。巴方愿同中方密切多边沟通协作，支持多边主义，共同抵制单边主义、保护主义，捍卫国家主权，促进全球南方共同发展。吴政隆参加会见。

2026-10-12 王东旭 CATTI练笔中-英