Georgia's current account deficit has narrowed to a historic low, according to the Central Bank.

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

Tbilisi, December 30 /Xinhua/ — Georgia's current account deficit in the first three quarters of 2025 narrowed to a historic low, amounting to 2.1 percent of GDP, the National Bank of Georgia (Central Bank) reported on Tuesday.

According to the regulator, the current account surplus was recorded in the third quarter at $338.8 million.

The Central Bank noted that the balance of services made a significant contribution to the improved indicators, in particular, the export of computer and information services increased significantly, as well as revenue from tourism.

The volume of foreign direct investment in the first three quarters of 2025 amounted to 4.7 percent of GDP. –0–

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Belarus supports all of China's efforts to achieve national reunification and protect its sovereignty and territorial integrity, the Belarusian Foreign Ministry said.

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

Minsk, December 30 (Xinhua) – Belarus supports all efforts by the Chinese government to achieve national reunification and protect its sovereignty and territorial integrity, the Belarusian Ministry of Foreign Affairs stated on Tuesday.

"Belarus is closely monitoring the developments around Taiwan. We support all efforts by the Chinese government to achieve national reunification and protect its sovereignty and territorial integrity," the ministry's statement reads.

It is emphasized that no country has the right to interfere in the internal affairs of others or exert pressure, including through political, financial, military, or other support. "Such actions lead to an escalation of tensions, destabilize the situation, and upset the balance in the Asia-Pacific region, which ultimately undermines the foundations of international security," the Belarusian Foreign Ministry said in a statement.

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Chinese leaders attended a traditional Chinese New Year musical drama.

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

BEIJING, Dec. 30 (Xinhua) — Chinese leaders attended a traditional Chinese musical drama performance in Beijing on Tuesday evening to celebrate the New Year.

Chinese President Xi Jinping and other Party and state leaders, including Li Qiang, Zhao Leji, Wang Huning, Cai Qi, Ding Xuexiang, Li Xi and Han Zheng, watched the performance together with representatives from various circles at the National Center for the Performing Arts.

The performance included excerpts from classical works and the best new productions, demonstrating the vibrant and diverse development of traditional Chinese musical drama. –0–

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The Taiwan issue is a red line that cannot be crossed, says Acting Consul General of the People's Republic of China in Almaty.

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

Almaty, December 30 (Xinhua) — The Taiwan issue is central to China's core interests and an insurmountable red line. Acting Chinese Consul General in Almaty, Lu Yi, stated this in an opinion piece commenting on the recent approval of the largest-ever US arms sale to the Chinese region of Taiwan.

The Chinese diplomat pointed out that this move by the American side seriously violates the one-China principle and the three Sino-American joint communiqués, undermining China's sovereignty, security, and territorial integrity. The Chinese Ministry of Foreign Affairs announced a decision to take retaliatory measures against companies and senior officials associated with the US military-industrial complex. According to Lü Yi, these measures are legal, justified, and necessary.

By colluding with forces advocating for "Taiwan independence," the US is provoking tensions and increasing the risk of confrontation, the article notes. Taiwan's Prime Minister Lai Qingde has intensified his policy of "relying on external forces to achieve independence" and "gaining independence by force," which will ultimately inevitably lead to self-destructive consequences.

As Lü Yi recalled, this year marks the 80th anniversary of Taiwan's liberation from Japanese occupation and the island's return to the motherland. The National People's Congress designated October 25 as Taiwan Liberation Memorial Day, thereby sending a clear signal to the world: resolving the Taiwan issue is an entirely internal matter for the Chinese people, one that brooks no outside interference. No country or force should underestimate the firm resolve, unwavering will, and powerful capabilities of the Chinese government and people in upholding national sovereignty and territorial integrity, the diplomat emphasized.

According to him, the one-China principle is the general consensus of the international community and the political basis for the establishment of diplomatic relations between China and Kazakhstan. As eternal comprehensive strategic partners, China and Kazakhstan have consistently provided firm support to each other on issues affecting the fundamental interests of both sides. Ahead of the joint celebration of the 34th anniversary of the establishment of diplomatic relations, China expresses its readiness to work with Kazakhstan to uphold international fairness and justice, resolutely counter forces undermining regional peace and stability, and make an even more significant contribution to the building of a community with a shared future between China and Kazakhstan.

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Georgia ranked 4th in the World Bank's ease of doing business ranking.

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

Tbilisi, December 30 (Xinhua) — Georgia is among the world's leading countries, ranking fourth out of 101 countries, according to the World Bank's B-Ready Doing Business Index. This was announced on Tuesday by Georgia's Deputy Minister of Economy and Sustainable Development, Vakhtang Tsintsadze, who noted that this high rating confirms the attractiveness of the country's business and investment environment.

According to V. Tsintsadze, the purpose of the rating is to assess the effectiveness of the business environment, as well as the degree to which the business and regulatory system is focused on the development and support of business.

The B-Ready assessment methodology covers all stages of a company's life cycle, including business start-up, operation, expansion, and exit. The assessment is conducted across three areas: operational efficiency, regulatory framework, and public services.

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China's international influence, ability to guide new endeavors, and moral appeal have increased significantly in 2025, according to the Chinese Foreign Minister.

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

BEIJING, Dec. 30 (Xinhua) — Relations between China and other countries have developed in a more positive direction, and China's international influence, leadership in new endeavors, and moral appeal have increased significantly in 2025, Chinese Foreign Minister Wang Yi said on Tuesday.

Wang Yi, also a member of the Politburo of the CPC Central Committee, made the announcement while speaking at a symposium on the international situation and Chinese diplomacy in 2025.

According to the head of the Chinese Foreign Ministry, this year, China, under the strong leadership of the CPC Central Committee, with Comrade Xi Jinping at its core, has held high the banner of building a community with a shared future for mankind, followed the strategic guidance of the diplomacy of heads of state, united progressive forces around the world with the utmost sincerity, and made every effort to unite the energy of peace and development.

China, Wang Yi continued, has been an anchor of stability in a turbulent world, a reliable support in the new environment, a determining force in the changing international order, a key driver in overcoming the difficulties of global development, and a stabilizing factor in crises affecting international justice.

Looking to the future, Wang Yi pointed out that great power diplomacy with Chinese characteristics should achieve even greater achievements in 2026.

He assured that China will provide even more significant strategic support for national development and national revival, pave the way for a more effective formation of a new model of relations between major powers, work more actively to build a community of shared destiny with neighboring countries, and unite more impressive forces to jointly advance the modernization of countries in the Global South.

Wang Yi added that China will inject greater impetus into global openness and cooperation, make greater contributions to reforming and improving global governance, and demonstrate an even stronger sense of mission and responsibility in safeguarding national interests.

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China and the United States' strategic choices influence the course of world history, says Chinese Foreign Minister

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

Beijing, December 30 (Xinhua) — China-US relations are among the most important bilateral ties in the modern world, with the two countries' strategic choices influencing the direction of world history. This was stated by Chinese Foreign Minister Wang Yi on Tuesday.

Speaking at a symposium on the international situation and Chinese diplomacy in 2025, Wang Yi, also a member of the Politburo of the CPC Central Committee, said that China and the United States should seek ways to address each other's concerns on the basis of equality, respect and mutual benefit to find a proper way for the two major powers to coexist.

According to him, over the past year, China has maintained a firm and clear position on significant fundamental issues, resolutely stood its ground and did not give in one iota on issues affecting China's fundamental interests.

At the same time, China is conducting exchanges and seeking cooperation with the American side, calling on the latter to perceive China rationally and objectively, and to resolve mutual differences through consultations and dialogue, the diplomat added.

Wang Yi noted that the development of China-US relations over the past year has shown that the ability to respect each other, peacefully coexist, and cooperate mutually for the benefit of the entire world is a key factor in the stable development of China-US relations.

China and the United States gain from cooperation and lose from confrontation, he stressed, adding that an arrogant attitude is unacceptable and a discrepancy between words and actions is unacceptable. –0–

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Xinhua's Top Ten International News of 2025

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BEIJING, Dec. 30 (Xinhua) — Here are Xinhua's top 10 international news stories for 2025.

1. The diplomacy of the Chinese head of state promotes peace and development.

In 2025, Chinese President Xi Jinping attended the SCO summit in Tianjin, a commemorative gathering to mark the 80th anniversary of the victory in the Chinese People's War of Resistance Against Japanese Aggression and the World Anti-Fascist War, the Global Women's Summit, and other events. He visited three Southeast Asian countries, Russia, and the Republic of Korea, participated in the second China-Central Asia Summit, the 32nd Asia-Pacific Economic Cooperation (APEC) Informal Leaders' Meeting, the BRICS Online Summit, and delivered a video message at a special UN high-level event on climate change.

He held in-depth talks and exchanged views with leaders of various states and international political figures, and also communicated with residents of various countries through meetings, letters, etc.

With a keen understanding of contemporary trends, Xi Jinping proposed the Global Governance Initiative, following on from the three global initiatives. It received broad response and support from the international community, making a significant contribution to the noble cause of peace and human development.

2. The US-initiated tariff war has serious implications for the multilateral trading system

On April 2, the United States announced the imposition of so-called "equivalent tariffs" on the vast majority of its trading partners. Over the past year, Washington has consistently imposed or threatened to impose additional tariffs on goods such as steel, aluminum, automobiles, film, and semiconductors, bringing the current tariff rates to their highest level in nearly a century.

This move, which dealt a serious blow to the multilateral trading system and seriously disrupted the normal order of international trade, drew sharp criticism from the international community. Many countries adopted countermeasures and stepped up efforts to reduce the risk of dependence on the US market by diversifying trade and investment. Several US courts also ruled that the policy of imposing large-scale tariffs violated the law.

3. The international community celebrates the 80th anniversary of victory in World War II

The year 2025 marked the 80th anniversary of victory in the World Anti-Fascist War and the founding of the UN. The international community held various commemorative events.

On May 7, the UN General Assembly convened a special commemorative session to honor the memory of all victims of World War II. On May 9, Xi Jinping took part in commemorative events in Russia commemorating the 80th anniversary of the Soviet Union's victory in the Great Patriotic War. On September 3, Xi Jinping addressed a commemorative meeting to mark the 80th anniversary of the victory in the Chinese People's War of Resistance Against Japanese Aggression and the World Anti-Fascist War.

In a series of bilateral and multilateral meetings, Xi Jinping called for promoting a correct view of history, upholding the victory of World War II, upholding the international system with the UN at its core, practicing genuine multilateralism, and upholding international justice and fairness.

4. Rapid development of AI requires stronger regulation

Over the past year, artificial intelligence (AI) technologies have undergone rapid evolution. Major models like DeepSeek and ChatGPT have developed at a remarkable pace, while applications incorporating AI agents and embodied intelligence have emerged one after another. Their deep integration with the real economy is becoming increasingly evident, expanding capabilities across a wide range of industries and reaching households worldwide.

The risks and challenges posed by AI have attracted considerable attention. This year, the UN launched two mechanisms: the Independent International Scientific Panel on AI and the Global Dialogue on AI Governance.

The Global Action Plan on AI Governance was published in Shanghai at the 2025 World Conference on Artificial Intelligence and the High-Level Conference on Global Governance of Artificial Intelligence. China proposed the establishment of a World Organization for Artificial Intelligence Cooperation and launched the "AI Plus" international cooperation initiative aimed at promoting AI development for the benefit of all.

5. Turbulence in the global market increases economic risks

In October, global gold prices exceeded $4,000 per ounce for the first time. Gold prices rose sharply, driven by factors such as the US federal government shutdown. Since September, the US Federal Reserve has cut interest rates three times, and further monetary easing has undermined the appeal of US dollar-denominated assets.

Heightened concerns among international capital about geopolitical tensions and risks to confidence in the dollar have led to a shift of funds into gold, a traditional safe-haven asset. Central banks around the world continue to increase their gold reserves, bringing official holdings to their highest level in nearly a decade. The decline in confidence in the dollar and the sharp rise in gold prices reflect growing structural risks in the global economy and highlight the profound instability of the international monetary system.

6. Conflicts in the Middle East are causing catastrophic losses, while peace remains elusive.

On October 9, Israel and the Palestinian Islamic Resistance Movement (Hamas) reached an agreement on the first phase of a ceasefire in Gaza, although sporadic violence continues. More than two years of protracted fighting have led to an unprecedented humanitarian catastrophe in Gaza, leaving over 70,000 people dead, over 170,000 injured, and nearly 2 million displaced.

In 2025, conflicts flared repeatedly across the region, including the Israeli-Palestinian conflict, the Israeli-Lebanese conflict, the Israeli-Iranian conflict, and clashes between Yemen's Houthis and Israel. The US strikes on Iranian nuclear facilities under International Atomic Energy Agency (IAEA) safeguards set a dangerous precedent. The political and diplomatic process to resolve the Iranian nuclear issue has reached a dead end. Achieving lasting peace and stability in the Middle East continues to require sustained and concerted efforts by the international community.

7. The 15th Five-Year Plan project gives positive impetus to the world

At the end of October, the 4th Plenary Session of the 20th CPC Central Committee adopted recommendations for drafting the 15th Five-Year Social and Economic Development Plan, which outlines the country's development plan for the next five years and has attracted considerable attention from the international community.

Observers around the world note that the recommendations call for a consistent expansion of institutional openness, the protection of the multilateral trading system, the promotion of expanded international economic flows, and the advancement of reform and development through greater openness.

This step is a clear demonstration of China's commitment to sharing opportunities and pursuing common development with the rest of the world. By continuing to promote modernization, ensure high-quality development, and decisively expand high-standard opening-up, China is providing positive impetus to global economic growth.

8. Japan's disregard for justice is causing international concern

On November 7, Japanese Prime Minister Sanae Takaichi stated that the "Taiwan incident" could create a "situation threatening the survival" of Japan. This allegedly gives the country the right to deploy self-defense forces. Takaichi's erroneous statements regarding Taiwan constitute gross interference in China's internal affairs, seriously violate international law and fundamental norms of international relations, and undermine the post-war international order. Her statements also violate the one-China principle and the spirit of the Four Political Documents signed by Beijing and Tokyo, undermine the political foundation of Sino-Japanese relations, and have provoked strong outrage among the Chinese people.

Right-wing forces in Japan are currently accelerating military expansion, making claims of nuclear weapons possession, and attempting to revise the three non-nuclear principles. Dangerous trends toward resurgent militarism and attacks on justice and fairness are raising doubts and criticism among discerning figures within Japan, as well as high levels of concern among the international community.

9. The G20 summit was held on the African continent for the first time

On November 22, the Group of Twenty (G20) summit opened in Johannesburg, marking the first such summit on the African continent. Despite a boycott and resistance from the United States to the adoption of the outcome document, summit participants adopted a joint declaration on the first day, emphasizing the need to address global challenges through multilateral cooperation.

In 2025, China hosted the Shanghai Cooperation Organization (SCO) summit, Brazil hosted the UN Climate Change Conference, and Qatar hosted the World Summit for Social Development. This ushered in the "era of the Global South" in global governance. The collective rise of the Global South has become a significant factor in safeguarding world peace, promoting common development, and improving global governance.

10. Political upheavals in different countries

The political landscape has undergone significant changes in many countries over the past year. South Korean President Yoon Seok-yeol was removed from office. Thai Prime Minister Phetongthan Shinawatra was also removed from office following a wiretapping scandal. Japanese Prime Minister Shigeru Ishiba suddenly announced his resignation. The Peruvian Congress voted to impeach President Dina Boluarte. Coups d'état also occurred in countries such as Madagascar and Guinea-Bissau.

Meanwhile, far-right candidates have achieved significant gains in presidential elections in Poland, Romania, and Chile, while far-right parties have won record numbers of seats in parliamentary elections in Germany, Portugal, and Japan. Political instability, compounded by socioeconomic development challenges, highlights the complex global situation, characterized by interrelated instability and change.

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China and Central Asia: New Prospects for Economic and Trade Cooperation

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

NANJING, December 30 (Xinhua) — Rolls of specialty film undergo final cutting at the production line of Rui Ou Qifu (Suzhou) Packaging Technology Materials Co., Ltd. in East China's Jiangsu Province. These seemingly ordinary packaging materials are in high demand in Central Asian markets and are widely used in the cosmetics, food, and other industries.

"Demand for agricultural packaging materials is growing rapidly in Central Asian markets. Our products are well suited to local customers' needs for heat-shrinkable products such as eggs and vegetables," explained the company's CEO, Wang Zhensong. On December 23, a shipment of POF heat-shrinkable film weighing approximately 23 tons departed Shanghai for Kazakhstan on a China-Europe freight train, and is expected to arrive in 21 days.

The market is the most visible barometer: this high-tech company's exports to Central Asian countries have grown steadily from approximately 820,000 yuan in 2024 to more than 2.5 million yuan this year.

The individual efforts of enterprises are scaling up thanks to the continuous development of infrastructure connectivity at the national level – freight trains running across the Eurasian continent between China and Europe and China and Central Asia have significantly increased the efficiency of cross-border logistics operations.

A striking example of this is the China-Kazakhstan Logistics Cooperation Base in Lianyungang (Jiangsu Province, eastern China) – the first tangible project of the Belt and Road Initiative, which has become an international hub for transit, warehouse logistics, and trade between Central Asian countries. During the 14th Five-Year Plan period, the number of China-Europe and China-Central Asia train departures from Lianyungang reached a historic high: from 2,994 units during the entire 13th Five-Year Plan period to 4,000 units, with an average annual growth of over 10 percent, securing first place in Qiangsu Province in terms of train traffic.

The range of goods transported reflects the shift to a higher structure of bilateral trade: from traditional goods such as consumer goods and clothing to high-value-added products such as auto parts, photovoltaic products, and smart home appliances.

Along with the accelerated entry of "Made in China" into Central Asian markets, high-quality agricultural products from the region are expanding the selection on Chinese consumers' tables. "Last year, 14,800 tons of barley from Kazakhstan arrived in the country on 11 China-Europe and China-Central Asia trains, making this product a common sight for Chinese consumers," reported a representative of Sumec International Technology Co., Ltd.

In the first 11 months of this year, the number of China-Europe and China-Central Asia freight train shipments totaled 31,200, a 9 percent increase compared to the same period last year. This expanding logistics corridor effectively connects the markets and resources of China and Central Asia, promoting the deepening and intensification of bilateral economic and trade cooperation.

While the China-Europe and China-Central Asia high-speed freight trains create physical trade routes, the China-Central Asia Trade Facilitation Platform, which officially opened in Nanjing in June this year, represents a “digital silk road” that pools resources and connects supply and demand.

On the platform, visitors are greeted by exotic Central Asian delicacies: camel milk from Kazakhstan, natural honey from Kyrgyzstan, and fine silk products from Uzbekistan.

Since the beginning of the year, Jiangsu Suhao International Group Holding Co. Ltd., the platform operator, has been developing a "Silk Road e-commerce" model and full-cycle B2B services for Central Asia, offering small and medium-sized businesses on both sides comprehensive solutions, from demonstrations and transactions to logistics. The platform has already attracted over 500 companies, and next year it expects to surpass the 1,000-company mark.

A representative of Jiangsu Suhao International Group Holding Co. Ltd. noted that the platform will continue to focus on trade convenience and industrial cooperation, striving to make the “Gateway to Central Asia” even broader and more accessible. -0-

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China has allocated 62.5 billion yuan to support the consumer goods exchange program for new ones in 2026.

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

BEIJING, Dec. 30 (Xinhua) — Chinese authorities have released ahead of schedule the first tranche of 62.5 billion yuan (about 8.88 billion U.S. dollars) in ultra-long special Treasury bonds to support the 2026 trade-in program for consumer goods, the National Development and Reform Commission said Tuesday.

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