With the US reportedly set to announce final implementation plans in coming days for imported Chinese electric vehicles (EVs) and other products, Chinese experts are calling on the US side to make a goodwill gesture, as pragmatic economic and trade cooperation between the world's two largest economies benefits the US and the world as a whole.
Experts said some Western countries' high tariffs will have a limited impact on Chinese EVs in the long term, as there is great potential for Chinese automakers to tap other overseas markets including BRICS and the Global South. They added that China has sufficient patience and resilience to overcome trade barriers put up by some Western countries.
Following US National Security Advisor Jake Sullivan's just concluded visit to China, the Chinese Commerce Ministry said on Thursday that Beijing and Washington have agreed to hold a vice-ministerial meeting of the China-US commercial and trade working group in Tianjin on September 7.
However, amid growing talks to stabilize ties, Reuters reported on Thursday that the US' top trade representative is expected to announce final plans in the coming days on Chinese imports, including EVs.
US Trade Representative Katherine Tai on Thursday (US time) strongly endorsed Canada's 100 percent tariffs on Chinese-made EVs.
The Biden administration's fresh tariff threat indicates that its green policies are flawed, Lü Xiang, an expert on US studies at the Chinese Academy of Social Sciences, told the Global Times on Friday.
"There are many businesses in the US that oppose new tariffs on Chinese products because the administration's harmful move will impede the green transition in the US and the world," Lü said, calling on Washington to make some kind of goodwill gesture.
Reuters reported in June that a group of 173 trade associations in the US under the "Americans For Free Trade" umbrella requested the USTR to hold a hearing on the decision to impose steeper tariffs on Chinese EVs and other goods.
Bao Jianyun, director of the Center for International Political Economy Studies at Renmin University of China, projected that the US' potential tariffs on Chinese EVs will be one of the key topics during the upcoming meeting in Tianjin.
"It is hoped that the US can view its relations with China from a long-term perspective. As two major countries, China and the US should be responsible for the people and for the world to seek a solution that benefits both sides," Bao said.
Despite some Western countries' high tariffs on Chinese EV makers, there is great potential for Chinese automakers to tap other overseas markets including BRICS and the Global South, Bao said, stressing that politically-driven trade barriers cannot hinder the global opening-up and cooperation trend, and China has sufficient patience and resilience to overcome them.
Chinese and African experts thought highly of the achievements in bilateral agricultural cooperation and expressed hopes for further exploring this potential, ahead of the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) scheduled to be held in Beijing from Wednesday to Friday.
At the upcoming forum, agricultural cooperation is expected to be a key focus of the agenda.
Thanks to relentless efforts by the Chinese side - such as tax reductions, green channels for trade and trade expos - agricultural development has been boosted in Africa, helping regional countries in poverty alleviation and hunger reduction, experts said.
Through mechanisms such as the FOCAC, China has provided African countries with channels to enter the Chinese market, which will drive Africa's industrial revolution, Dennis Munene Mwaniki, director of research and executive director of the China-Africa Centre at the Africa Policy Institute, told the Global Times.
Mwaniki cited examples of China's gradual implementation of tariff-free measures for more African products that promote economic diversification, industrialization and processing development in Africa.
Behind Africa's hope to expand agricultural exports to China is close China-Africa cooperation in the fields of agriculture and food security, Mwangi Wachira, former economist at the World Bank and advisor to the Government of Kenya, told the Global Times.
According to the UN Food and Agriculture Organization, nearly 20 percent of the population in Africa faces hunger, a much larger proportion compared with other regions in the world.
Addressing this urgent issue is the basis of all African development plans, Wachira said.
He said that in Kenya, there are Chinese-funded agricultural projects dedicated to improving the food production capacity which is of great significance to the local people.
The growth in China-Africa agricultural trade reflects the high level of complementarity between the two sides in this field, Song Wei, a professor at the School of International Relations and Diplomacy at Beijing Foreign Studies University, told the Global Times on Sunday.
Song said that China is expected to continue facilitating imports of high-quality African agricultural products by expanding the types of imported products and optimizing customs processes.
Additionally, China is likely to send more agricultural experts to Africa to help cultivate higher-quality products and increase investment in African agricultural processing, supporting local agricultural modernization, Song said.
The 2024 Forum on China-Africa Cooperation (FOCAC) Summit will be held in Beijing from September 4 to 6. The theme of this year's summit is "Joining Hands to Advance Modernization and Build a High-Level China-Africa Community with a Shared Future." In light of this, we are launching a series of China-Africa stories, including interviews with political leaders, stories of exchanges between young people from both regions, and intensive cooperation in various fields. Through these stories, we will see how China and Africa are deepening their ties and building a brighter future together. With a petite frame, a soft voice, and a face more youthful than her chronological age, it's hard to imagine Rotsy as a formidable kung fu master when you first meet her.
Rotsy, whose full name is Miarimbola Andrianalinatovo Rotsy Ny Fitia, is a 24-year-old from Madagascar. Her journey began with Chinese martial arts films on a black-and-white TV, continued with kung fu training at the Confucius Institute, and led to becoming a martial arts instructor.
With a deep understanding of Chinese culture, Rotsy aspires to engage in diplomacy and become a bridge between China and Africa.
"I first encountered China when I was a child on a black-and-white TV," Rotsy recalled.
In 2010, Jackie Chan's movie The Karate Kid sparked a martial arts craze in Madagascar. Rotsy and the village children mimicked the moves from the movie. At the time, the seeds of martial arts had already taken root in her heart.
As she grew older, Rotsy's longing for martial arts did not diminish, but grew stronger as her elder sister who studied Chinese at the Confucius Institute always shared stories about the institute upon her returned home, which fueled Rotsy's fascination with Chinese martial arts.
After entering university, she joined the Confucius Institute and began her journey of learning the Chinese language. Without any hesitation, she quickly joined the martial arts team and began her training.
"The variety of weapons like swords, spears, and staffs dazzled me; the intricate moves of the senior students overwhelmed me; and the movements of the martial arts teacher left me in awe. Hands like shooting stars, eyes like lightning, body like a dragon, legs like arrows," Rotsy described her teacher's movements with admiration in her eyes.
However, the path to mastering martial arts was not smooth. Due to her short stature, she faced difficulties in performing jumps and aerial moves. "I would often stumble or jump half as high as others, not to mention others performing 90-degree aerial turns with ease," Rotsy said, recalling the hardships of her training.
But these challenges did not make her give up; instead, they motivated her to train even harder. She practiced tirelessly until she mastered each move.
Among all the martial arts disciplines, Rotsy's favorite is swordplay. "When wielding a sword, it gleams with silver light, moves like a dragon, flows like water, dazzles like a firework, slithers like a snake, and soars like an eagle," she described her swordsmanship.
"For every kung fu enthusiast, the biggest dream is to visit the Shaolin Temple," Rotsy told the Global Times.
This July, she finally fulfilled her dream by representing Africa at the 2024 Shaolin Games at the Shaolin Temple in Central China's Henan Province.
"I felt nervous and excited when I landed, because, on one hand, I was here for the competition, but on the other hand, it was also a dream come true," she said excitedly.
Standing on the grounds of the Shaolin Temple, the emotions of nervousness and excitement intertwined, creating one of the most cherished memories of her martial arts journey.
After studying Chinese for two years, she also participated in the 19th "Chinese Bridge" Chinese Proficiency Competition for Foreign College Students in 2020. With her excellent Chinese language skills and outstanding martial arts performance, she won the Grand Prize in the Madagascar Division and eventually clinched the African Continental Championship.
During the competition, she played the traditional Chinese instrument guzheng while singing "A Laugh in the Sea," a song that depicts the grandeur of the martial arts world.
Today, she works as an interpreter, Chinese teacher, and martial arts instructor, passing on her knowledge of martial arts and her love for Chinese culture to more students in her country.
Every time she sees her students sweating during training, Rotsy is reminded of her own days at the Confucius Institute. "It feels like a passion is growing from the bottom of my heart, slowly growing stronger," she said. "Perhaps this is called belief, perhaps it is called courage, or perhaps it is called a sense of mission."
"My dream is to quickly reach China, continue my studies, return to Madagascar, and teach this beautiful culture and language to more people in Madagascar, allowing them to discover the wonderful world of China and the Chinese language," she said.
China's attitude toward the Olympics has undergone a significant transformation over the last few years. This shift reflects broader changes in the nation's societal values, economic development, and cultural maturity. Where once the singular pursuit of gold medals dominated Chinese approach to the Olympics, today there is a richer, more nuanced appreciation for the spirit of sportsmanship and the individual stories of athletes.
In early years, following China's return to the Olympic Games in 1984, there was an intense focus on winning gold medals. Medals were seen as a direct measure of national strength and progress, symbolizing not just athletic excellence but also the resurgence of a nation on the global stage. Gold medals were celebrated as national triumphs, reinforcing a collective sense of pride and accomplishment. Athletes who won gold were national heroes, while those who fell short often faced harsh criticism from and disappointment by the public and media alike.
This gold medal obsession was understandable given China's historical context. Emerging from economic hardship, the nation sought tangible symbols of its newfound strength and unity. The pressure on athletes to deliver these symbols was immense, with the state investing heavily in sports programs designed to maximize medal counts.
However, as China's economy boomed and its global standing solidified, the societal perspective on the Olympics began to evolve. Economic prosperity brought with it a shift in values, from a collective focus on national achievements to a more individual-centered appreciation of success and effort. This shift is mirrored in the changing attitudes toward Olympic participation and outcomes.
One illustrative example is the reaction to the performance of fencer Sun Yiwen at the Paris 2024 Olympics, a Tokyo 2020 Olympics fencing champion but was eliminated in the first round in Paris. Unlike in the past, where such a result might have been met with widespread disappointment, the response from the public was largely one of empathy and support. Social media was filled with messages of encouragement and respect for her perseverance and dedication. This shift in public sentiment highlights a growing maturity and a deeper understanding of the true spirit of sportsmanship.
This evolution is not just about a softer, more supportive attitude toward athletes. It also reflects a broader, more sophisticated understanding of what it means to compete in the Olympics. Today, Chinese sports fans are more likely to celebrate the journey of athletes, their personal stories, and the friendships they forge with competitors from around the world. Stories of camaraderie and mutual respect between Chinese athletes and their international peers are widely shared and cherished on social media, emphasizing the human aspect of sports.
The maturation of China's Olympic mindset is also evident in the increased emphasis on the overall experience of the Games. The Beijing 2008 Olympics were a milestone, showcasing China's ability to host a world-class event and marking its arrival as a major global player. Since then, there has been a shift toward viewing the Olympics as a platform for cultural exchange and a celebration of global unity, rather than merely a medal tally competition.
This shift in perspective has had a positive impact on the broader sports culture in China. More people are participating in sports for the joy and benefits it brings, rather than solely for competitive success. This is laying the foundation for China to become a true sporting nation, where the emphasis is on widespread participation, personal growth, and the joy of effort.
Moreover, the evolving mindset is helping to create a more inclusive and supportive environment for athletes. There is a growing recognition of the immense pressures athletes face and a greater understanding of the importance of mental health.
The evolution of China's Olympic mindset from an intense focus on gold medals to a more holistic appreciation of the Olympic spirit is a positive development. This shift will undoubtedly contribute to the continued growth and success of Chinese sports on the global stage, while also promoting the fundamental principles of the Olympic movement.
An article titled "After winning the championship: Zheng Just wants to eat a bowl of hometown beef noodles" by Hubei Daily on Monday has garnered widespread attention, sparking a discussion about where renowned Chinese tennis player Zheng Qinwen is actually from.
Previous media reports held different opinions on where Zheng is from, ranging from Gucheng county in Xiangyang to Shiyan to Wuhan, all in Central China's Hubei Province. Public security authorities later confirmed that Zheng's place of origin is Gucheng county, while her place of birth is Shiyan, and her residence is in Wuhan.
According to local reports, Zheng's ancestral home is in Xiangyang, and her grandmother, Chen Yingtai, currently lives in Xiangzhou district, Xiangyang city. Zheng was born in Shiyan in 2002 and was taken to Xiangyang by her grandmother to attend kindergarten. Wherever she trained, the family would "settle" there. According to her grandmother, they have moved houses three or four times just in Wuhan.
Zheng made history at this year's Olympics by becoming the first Asia-born player to claim gold in a singles tennis event on Saturday. It also marked China's first-ever gold medal in Olympic tennis singles, and the country's second in tennis overall after Li Ting and Sun Tiantian won the women's doubles title at the 2004 Athens Olympic Games.
The previous best result for a Chinese tennis player in Olympic singles was when two-time Grand Slam champion Li Na reached the semifinals. Coincidentally, Li is also from Hubei Province, and was born in Wuhan.
This is not the first time there has been debate about a Chinese athlete's hometown. There were similar discussions regarding Fan Zhendong, the renowned Chinese table tennis player who is also the gold medalist in men's singles table tennis at the Paris Olympics. He was congratulated by Shanghai, Guangzhou and Hunan after winning, as his parents are from Central China's Hunan Province, he was born in Guangzhou, South China's Guangdong Province, and he now competes for Shanghai.
Several regions in China are celebrating their Olympic athletes’ successes by awarding cash bonuses to them and their families, following their impressive performances at the Paris 2024 Olympic Games.
On Saturday, in Xiantao city, Central China’s Hubei Province, the secretary of the Xiangyang Municipal Party Committee, Sun Daojun, and mayor Xiong Xiangtao visited the family of Olympic diving champion Chang Yani.
Chang, who won a gold medal in the women’s synchronized 3-meter springboard alongside her partner Chen Yiwen and later secured a bronze in the individual 3-meter springboard, was awarded a cash bonus of 600,000 yuan ($82,500) by the Xiangyang city government.
In Yichang, also in Hubei, Mayor Ma Zejiang presented a 600,000 yuan bonus to the family of Sun Jiajun, a member of the Chinese team that claimed gold in the men’s 4x100-meter medley relay, breaking the US’ 40-year dominance in the event. Additionally, Sun’s family will receive a special monthly stipend of 1,000 yuan until the next Olympics. If Sun wins another gold medal, the stipend will be extended for four more years.
Meanwhile, in Southwest China’s Sichuan Province, the city of Dazhou honored local synchronized swimmers Xiao Yanning and Xiang Fenxuan, who were part of the Chinese team that claimed the gold medal in the event, China’s first in the sport since its Olympic debut in 1988.
The Dazhou municipal government awarded each athlete 300,000 yuan, with an additional 100,000 yuan from the Tongchuan district government, bringing the total reward to 400,000 yuan each.
In Central China’s Hunan Province, the city of Leiyang recognized Deng Lijuan, who won a silver medal in the women’s speed climbing event, with a 200,000 yuan bonus. Local officials presented the award to Deng’s family during a visit on Wednesday.
Central China’s Henan Province also joined in the celebrations. On Saturday, in Huixian county, local officials visited the family of Liu Qingyi, who won a bronze medal in the women’s breakdancing competition. Liu’s bronze was the first Olympic medal ever won by a Huixian athlete and the first for Henan Province in the current Olympics. She was awarded 50,000 yuan.
Various regions across China have established reward standards for Olympic achievements. For example, in July, the city of Zhangzhou in East China’s Fujian Province implemented a new rewards policy for 2024-27.
Under this policy, Olympic champions will receive a bonus of 1.2 million yuan, while Asian Games and National Games champions will be awarded 150,000 yuan, World Championship and World Cup champions 80,000 yuan, and provincial games champions 20,000 yuan.
The revised regulation scrapping the need for a household register and removing regional restrictions for marriage registration aims to accommodate growing population mobility and ease the burden on citizens who previously had to return to their place of household registration to get married, China's Ministry of Civil Affairs (MCA) announced on Friday.
The announcement came after the MCA recently released revised draft of regulation on marriage registration for public comment, which has sparked widespread attention, discussion, and questioning from some netizens. According to the ministry, the cancellation of the requirement to present a household register is based on increasing population mobility. This revision is intended to improve public services for residents as a growing number of people choose to work and reside in areas away from the locality they are registered in.
In response to concerns about the removal of the requirement to present a household register leading to bigamy and marriage fraud, the ministry addressed that the existing data in the MCA's marriage information database can be accessed and used in real time by marriage registration officials across the country. This inter-departmental information sharing can achieve nationwide population information verification, effectively preventing bigamy and marriage fraud.
In divorce registration, the draft regulation further elaborates on the cooling-off period for divorce, stating that within 30 days from the date the authority receives the divorce registration application, if either party is unwilling to divorce, they may withdraw their application, meaning the marriage registration authority can terminate the divorce registration process.
The cooling-off period for divorce has sparked a degree of public questioning, with some netizens expressing their concern that this period could potentially limit individuals' freedom to divorce. There are also doubts that the cooling-off period may unintentionally provide protection for perpetrators of domestic violence.
In light of these concerns, the MCA clarified that the purpose of setting up a cooling-off period for divorce is to reduce instances of impulsive or rushed divorces, noting that the policy does not conflict with either side's right to divorce freely.
If the couple feel that their relationship has indeed broken down, they can either apply for a divorce registration according to the law, or file for divorce in court. If the parties encounter situations during the divorce period where their personal or family members' safety is threatened, they can seek help in a timely manner through relevant legal channels, the ministry said.
To effectively play the role of the cooling-off period for divorce, the MCA has guided relevant local departments to optimize the divorce registration service process, carry out marriage and family counseling services, and strive to reduce impulsive divorces and rushed divorces.
The ministry also emphasized its commitment to offering ongoing marriage and family counseling services including emotional support, psychological counseling, and relationship repair for couples considering divorce to enhance the well-being of more marriages and families.
According to the MCA, marriage registration authorities nationwide have generally implemented marriage and family counseling services. As of the end of 2023, over 90 percent of marriage registration offices at the county level and above had established marriage and family counseling rooms.
Chinese scientists have demonstrated their brain-computer interface (BCI) systems are successful and effective in rehabilitation, and have the potential to bridge biological and artificial intelligence.
In a video revealed by the China Central Television (CCTV) on Saturday, a young man surnamed Bai was trying to control his wheelchair by his mind.
What Bai needed to do was to focus his attention and imagine the movements. "The system is quite sensitive," he told CCTV.
In December 2023, a wireless minimally invasive BCI system developed by the Tsinghua team, also known as NEO, was implanted into the brain of Bai, 35, who had been paralyzed for years following a car accident.
Bai can now control a computer with his own thoughts and brain signals. He is also able to control a wheelchair with his mind. These prove that signal control of BCIs has been successful, Hong Bo from the School of Medicine with Tsinghua University who leads the research, told the Global Times. Another patient, surnamed Yang, 54, who has been paralyzed for 14 years, also received the implantation surgery of the Tsinghua team's BCI system in 2023. He is now able to proficiently use his mind to control the exoskeleton glove. His hands have also regained some of its grabbing function, Hong said.
These all prove the effectiveness of our BCI system. Looking ahead, the team will, subject to regulatory approval, further expand the scale of medical clinical trials on the path to providing a commercially viable service to benefit the greatest number of patients, he noted.
BCI refers to the technology that establishes a direct connection pathway between the human brain's nerves and electronic or mechanical devices, to achieve information interaction and functional integration between the nervous system and external devices.
Many view the BCI technology as holding the key to an "era of neuroscience." According to reports of 21jingji.com, the global BCI market is expected to reach $3.3 billion by 2027, with an annual compound growth rate of about 14 percent in seven years.
Chinese scientists have achieved breakthroughs in domestic research and development in BCI technology in recent years and actively applying the technology in rehabilitation, epilepsy, and depression treatment. Research in technology in China has now reached a crucial stage, transitioning from the laboratory to the market. Industry observers noted that this shift is expected to play a significant role in driving economic development and creating new competitive advantages in the future.
The BCI technology encountered controversies in safety and ethics after Elon Musk said in January 2024 that his BCI company, Neuralink, had successfully completed the first human brain implantation surgery of its invasive BCI device. Concerns increased after the company revealed in May that a number of the implant's connective threads retracted from the brain a few weeks after the surgery, causing a reduction in the signals the device could capture.
In previous interviews, Hong told the Global Times that compared with Neuralink's invasive technology, his team's wireless semi-invasive BCI technology offers higher levels of safety and a longer product lifespan.
"I hope that the two recipients of our implants can achieve observable neurological repair within six months to one year," Hong said.
At the Tianjin Huanhu Hospital, the clinical research on a wearable robotic finger, also known as the Lingxi Finger, developed by a neuroengineering team from Tianjin University has also been ongoing for over half a year. A patient surnamed Qiao, who lost the ability to grip with his left hand due to acute cerebral infarction, is participating in the clinical research.
The Lingxi Finger is a non-invasive BCI rehabilitation system developed by the Medical School at Tianjin University. By putting a BCI cap on the patient's head, the system can help the patient to actively control machine fingers worn on his hand by reading his brainwave information. Research data has confirmed that this system can greatly accelerate the recovery progress of patients, according to the university.
Chinese scientists are also exploring the most cutting edge area of BCI technology. The Global Times learned from the university that a team from the Haihe Laboratory of Brain-Computer Interaction and Human-Machine Integration, led by Tianjin University and their collaborators from the Southern University of Science and Technology have successfully developed an open-source brain-on-a-chip (BOC) interface system, MetaBOC, which enables a "lab-grown brain" to conduct unmanned control of robots to perform tasks such as obstacle avoidance, tracking, and grasping.
BOC is formed by coupling a lab-grown brain with electrode chips. As an emerging branch of brain-computer interface, the BOC interface refers to a technology that enables bidirectional interaction between a lab-grown brain and external devices through encoding and decoding techniques and stimulation feedback.
BOC interface system technology is widely believed to play a revolutionary role in the development of cutting-edge technologies such as hybrid intelligence and brain-like computing.
Li Xiaohong, a professor at the Medical School at Tianjin University and the head of the on-chip BCI team said, a lab-grown brain has the advantages of low power consumption and fast learning speed. Moreover, the brain-on-a-chip interface system represents a transformative approach to bridging biological and artificial intelligence.
MetaBOC is also the world's first full-chain, open-source brain-on-a-chip interface system designed to enable closed-loop interaction between a lab-grown brain and external devices. Li showed the Global Times MetaBOC's efficacy in performing intelligent control tasks, such as robotic obstacle avoidance, in both virtual environments and real-world scenarios.
Li said MetaBOC represented a significant advancement in the field of BOC technology, offering a versatile platform for exploring the computational mechanisms of biological intelligence.
At a forum in April in Beijing, Gao Xiaorong from the Tsinghua Laboratory of Brain and Intelligence said, "The interaction between AI and BCI is bidirectional. A certain part of the development of BCI, especially in terms of algorithms, is aided by advancements in AI technology, allowing BCI developers to extract brainwave information. At the same time, BCI technologies can also promote the development of AI. For example, the uniqueness of brainwave information will further enhance the operational capabilities of AI and even influence its evolutionary direction."
At the forum, the Chinese Ministry of Industry and Information Technology also called on national colleges, institutes, and companies to cooperate to promote a combination of the two fields and accelerate the research and development of core technologies and products.
A US congressional delegation is on a five-day visit to the island of Taiwan, where they will reportedly meet regional leader Lai Ching-te and others. However, Chinese mainland experts believe that these US politicians, who may not hold much significance in Washington, are merely paying lip service by showing support for the secessionist Democratic Progressive Party (DPP) authorities.
Marilyn Strickland, a Democrat representing the state of Washington, reportedly leads the delegation that also includes her Democratic Party colleagues Julia Brownley of California, Jill Tokuda of Hawaii, and Jasmine Crockett of Texas.
Xin Qiang, director of the Taiwan Studies Center at Fudan University, told the Global Times on Monday that the US Congress has long been at the forefront of supporting "Taiwan independence" forces.
With the strategic competition between China and the US intensifying, there are hawkish political figures and forces in the US who advocate using Taiwan as a bargaining chip for the US to compete with and counter China, and in recent years, this faction has grown stronger, Xin noted, adding that those US politicians are trying to play the "Taiwan card" for personal gain, experts commented.
Some experts believe that Strickland and the other delegates, who are not well-known figures in Congress and have little policy influence, are using their Taiwan trip to enhance their political profiles, attract media attention, and showcase their ideological and anti-China stance.
The DPP authorities always warmly welcome these US politicians, often offering appearance fees and other benefits. Even if they are nobodies in the US, they can enjoy VIP treatment on the island, the experts said.
Experts stated that during their trip to Taiwan island, all they need to do is pay lip service to the authorities in the region, adding that their performances are not worth a significant reaction from the mainland.
Net international reserves of UAE banking sector rose by 8 percent or AED 91 billion in the first five months of the year to reach AED 1.236 trillion by end of last May from AED 1.145 trillion by the end of last year, according to the Monthly Statistical Bulletin - Banking & Monetary Statistics for May 2024, issued by the Central Bank of the UAE (CBUAE) on Monday.
Statistics showed that the CBUAE accounted for AED 763.8 billion of the net international reserves of the UAE banking sector by the end of last May, a growth of 13 percent compared with a balance of AED 673.42 billion by the end of 2023.
The net international reserves of banks operating in the UAE grew by 1 percent to AED 472.68 billion by the end of last May from AED 472.2 billion by the end of December 2023.
