On July 22, China's State Council Information Office held a news conference to highlight the country's balance of payments in the first half of 2025. This comes as the country's foreign exchange market has become more resilient.

Li Bin, deputy administrator at State Administration of Foreign Exchange said the RMB exchange rate has become more resilient and performed steadily worldwide in the first six months of the year. According to Li, around 53 percent of cross-border receipts and payments were denominated in RMB. With its enhanced flexibility, the rate can release external pressures in a timely and effective manner.