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In recent years, the renminbi's internationalization has been continuously advancing. The renminbi's global payment share reached 2.3 percent in 2022, making it the fifth largest payment currency in the world. As of the end of last year, the renminbi's share in global foreign exchange reserves stood at 2.7 percent, also the fifth largest. In May 2022, the International Monetary Fund increased the weight of the renminbi in its Special Drawing Rights currency basket from 10.92 percent to 12.28 percent, giving the Chinese currency the third biggest share of the SDR basket.

In August 2022, then US House speaker Nancy Pelosi's visit to Taiwan dealt a serious blow to the already deteriorating Sino-US relations. And although the meeting between the two countries' leaders on the sidelines of the G20 Summit in Bali, Indonesia, in November 2022 raised some hopes of bilateral ties returning to the normal track, Sino-US relations continue to deteriorate with the level of official exchanges falling to a historical low.

In November 2022, the European Parliament and the Council of the European Union approved the Regulation on Foreign Subsidies Distorting the Internal Market.

The Fifth China-Afghanistan-Pakistan Foreign Ministers' Dialogue, attended by Chinese State Councilor and Foreign Minister Qin Gang, Pakistani Foreign Minister Bilawal Bhutto Zardari and Acting Foreign Minister of the Afghan Interim Government Amir Khan Muttaqi in Islamabad on May 6, marks the official restart of the trilateral cooperation mechanism among the three countries.

/PRNewswire/ -- X Financial (NYSE: XYF) (the "Company" or "we"), a leading online personal finance company in China, today announced its unaudited financial...