China's non-bank financial sector recorded $127.3 billion in cross-border capital inflows in the first half of the year

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Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

BEIJING, July 22 (Xinhua) — China's non-bank financial sector saw cross-border capital inflows of $127.3 billion in the first half of 2025, maintaining the trend of net inflows that began in the second half of last year, the State Administration of Foreign Exchange said Tuesday.

According to the agency, non-bank financial institutions, including enterprises and individuals, recorded cross-border income and expenses of $7.6 trillion, a historical maximum for the same period. Notably, the yuan accounted for about 53 percent of cross-border settlements.

The agency said China's balance of payments remains balanced and the country's foreign exchange market continues to operate stably and orderly. -0-

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Uzbekistan's Economy Grew by 7.2% in First Half of Year

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Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

Tashkent, July 22 (Xinhua) — Uzbekistan's economy grew by 7.2 percent year-on-year in the first half of this year, local media reported on Tuesday, citing the National Statistics Committee of the Republic of Uzbekistan.

According to preliminary data, the gross domestic product (GDP) of Uzbekistan for January-June 2025 increased by 7.2 percent compared to the same period in 2024.

It is noted that the country's foreign trade turnover increased by 16.1 percent in the first six months of 2025.

In June, the press service of the President of Uzbekistan reported, citing the head of state Shavkat Mirziyoyev, that over the past 8 years, the country's GDP has doubled and the goal has been set to bring it to 200 billion US dollars by 2030. –0–

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China issues regulations on rural highways

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Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

BEIJING, July 22 (Xinhua) — Chinese State Council Premier Li Qiang signed a State Council order on issuing regulations to promote high-quality development of rural highways and ensure that they meet the needs of comprehensive rural revitalization and accelerated agricultural and rural modernization.

The regulations on rural highways, which will take effect on September 15, stipulate that the development of rural highways should be in line with China's coordinated efforts to promote new-type urbanization and all-round rural revitalization.

The document notes the need to adhere to the principle of equal attention to construction, management, maintenance and operation, gradually improving a comprehensive, accessible, safe, practical, convenient and efficient rural transport infrastructure network.

It is stated that the quality of rural highway networks should be improved and their connections with national and provincial highways should be ensured to promote the integration of urban and rural transportation. Existing rural highways that do not meet the minimum technical requirements should be upgraded.

The document provides for strengthening the management and maintenance of rural roads through a clear division of responsibilities, and also requires regular inspections and the identification of hidden safety threats.

As emphasized in the regulations, local governments at all levels should promote the integrated construction of rural roads and related infrastructure facilities, industrial parks and tourist attractions located along them, which will promote the comprehensive development of rural passenger transportation, freight logistics, postal services and express delivery, and enhance the ability of rural roads to serve economic circulation between urban and rural areas. –0–

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US announces withdrawal from UNESCO again

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Source: People's Republic of China – State Council News

WASHINGTON, July 22 (Xinhua) — The United States on Tuesday announced its decision to withdraw from the United Nations Educational, Scientific and Cultural Organization (UNESCO), two years after rejoining it.

According to a statement from the US State Department, the decision was made in connection with UNESCO's policy, which Washington believes "promotes divisive social and cultural initiatives" against the backdrop of the Israeli-Palestinian conflict.

“UNESCO’s decision to admit the ‘State of Palestine’ as a member state is highly problematic, runs counter to US policy and contributes to the spread of anti-Israeli rhetoric within the organization,” the statement said.

The US withdrawal from UNESCO will take effect at the end of December 2026.

This is the third time the United States has withdrawn from the organization, and the second time during the Donald Trump administration. Since the start of Trump's second term this year, his administration has already announced withdrawals from the Paris Climate Agreement, the World Health Organization, and the UN Human Rights Council. –0–

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The Ukrainian delegation at the talks with the Russian Federation will be headed by the Secretary of the National Security and Defense Council

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Source: People's Republic of China – State Council News

KYIV, July 22 (Xinhua) — Ukrainian President Volodymyr Zelensky announced on Tuesday on the X social network that the Ukrainian delegation at the new round of peace talks with Russia will be headed by newly appointed Secretary of the National Security and Defense Council Rustem Umerov.

V. Zelensky added that, in addition to R. Umerov, the delegation will include representatives of Ukrainian intelligence, the Ministry of Foreign Affairs and the Office of the President of Ukraine.

V. Zelensky especially emphasized that official Kyiv is ready to work as productively as possible to achieve the release of Ukrainians from Russian captivity, the return of Ukrainian children taken to the Russian Federation, an end to the loss of life, and the preparation of a meeting of the leaders of Ukraine and Russia to truly establish peace between the two countries.

According to media reports, a new round of negotiations between delegations from Ukraine and Russia will take place in the coming days in Turkey.

The previous meeting of representatives of the two states took place on June 2 in Istanbul. At the meeting, Kyiv and Moscow agreed to conduct a prisoner exchange according to the formula “all for all” for two categories of servicemen – seriously ill and those aged 18 to 25. –0–

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The Kremlin does not expect “miraculous breakthroughs” in the talks with Ukraine in Istanbul – D. Peskov

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Source: People's Republic of China – State Council News

Moscow, July 22 /Xinhua/ — The draft memorandums on peace settlement handed over to each other by Russia and Ukraine should become the main topic of the third round of direct Russian-Ukrainian talks. Moscow does not expect any "miraculous" breakthroughs, any forecasts for achieving peace in Ukraine are currently impossible. This was stated at a briefing on Tuesday by the press secretary of the Russian president Dmitry Peskov.

“The topic of the negotiations is quite complex: in addition to other issues, of course, it will be necessary to discuss those very draft memoranda that were exchanged during the second round,” D. Peskov pointed out.

According to him, “of course, there is no reason to count on any breakthroughs from the category of miracles. It is unlikely that this is possible in the current situation.” The Kremlin representative emphasized that the Russian side intends to defend its interests and ensure their achievement.

D. Peskov did not estimate the time frame for a possible agreement on a Ukrainian settlement, emphasizing that this depends on many factors.

"I would not estimate potential timeframes at all. It depends on many factors, and now any forecasts will be wrong," the press secretary of the Russian president said.

Moscow proceeds from the fact that Kyiv has still not lifted the ban on negotiations with Russian President Vladimir Putin. "To be fair /it should be noted that/ this ban is still in effect. This is an obvious fact," added D. Peskov.

According to him, Moscow and Kyiv need to work a lot before discussing the prospects of a summit meeting. –0–

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Russia expands grain export geography — Russian Minister of Agriculture

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Source: People's Republic of China – State Council News

Moscow, July 22 (Xinhua) — In 2024, Russia for the first time supplied grain crops to 11 countries, and also resumed exports to seven countries, Russian Agriculture Minister Oksana Lut said on Tuesday, as cited by the Russian government's press service.

Currently, Russia exports grain crops to 108 countries, and 70 countries purchase wheat from Russia. Russia has been the leader in wheat supplies to the world market since 2016 and intends to maintain this status in the current agricultural season. By the end of 2024, the country became the world leader in barley exports for the first time.

Prime Minister Mikhail Mishustin said that Russia plans to increase agricultural exports by 1.5 times by 2030 compared to 2021 figures. Various government support measures are provided for the development of the grain industry, including subsidies, preferential lending, and reduced tariffs for rail transportation. –0–

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China urges US to strengthen mutual understanding through dialogue and contacts /detailed version-1/

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Source: People's Republic of China – State Council News

BEIJING, July 22 (Xinhua) — China hopes the United States will work with China to enhance mutual understanding, reduce misunderstandings and enhance cooperation through dialogue and communication, Foreign Ministry spokesperson Guo Jiakun said Tuesday.

Guo Jiakun thus answered a question regarding Chinese-American trade and economic relations at a regular press conference.

China's position on tariff issues is consistent and clear, a Chinese diplomat said.

"We hope that the US will work with China to implement the important consensus reached by the two heads of state during the phone call and give full play to the role of the China-US economic and trade consultation mechanism," the Chinese Foreign Ministry spokesman said.

He called on the US to work with China to promote stable, healthy and sustainable development of bilateral relations. -0-

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Breaking: US announces withdrawal from UNESCO again

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Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

WASHINGTON, July 22 (Xinhua) — The United States on Tuesday announced its decision to withdraw from the United Nations Educational, Scientific and Cultural Organization (UNESCO), two years after rejoining it.

According to a statement from the US State Department, the decision was made in connection with UNESCO's policy, which Washington believes "promotes divisive social and cultural initiatives" against the backdrop of the Israeli-Palestinian conflict. –0–

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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North Korea to Build 3rd Choe Hyon-class Destroyer

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Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

PYONGYANG, July 22 (Xinhua) — A major North Korean shipyard has announced plans to build another advanced destroyer, state media reported Tuesday.

At a mobilization meeting held Monday, the Nampo Shipyard pledged to build the third Choe Hyon-class destroyer by Oct. 10, 2026, the founding date of the Workers' Party of Korea, the official Korean Central News Agency (KCNA) reported.

Nampo Shipyard Director Yun Chi-gor hailed the shipyard's success in building the country's first new-generation multipurpose destroyer and called on the shipyard's workers to build the new warship on time, KCNA reported, citing the official's address to the crowd.

Nampo Shipyard unveiled the country's first Choe Hyon-class destroyer at a launch ceremony in April this year, while the second destroyer of the class capsized and sank due to a "serious accident" during a launch ceremony at Chongjin Shipyard in May. The damaged destroyer was re-floated at Rajin Shipyard in June. –0–

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