Storyline: China's foreign exchange market shows strong resilience, vitality in H1 [Voice_over] Since the beginning of 2025, the external environment has grown increasingly complex and challenging. Has China's foreign exchange market stood the test? The answer is a resounding yes. This is reflected in both price indicators related to the RMB exchange rate and quantitative measures such as the balance of payments in the first half of the year. [Sound_bite] Li Bin, Deputy Administrator, State Administration of Foreign Exchange: "In the first six months of the year, the RMB exchange rate has become more resilient and performed steadily worldwide. China's cross-border capital flows are generally stable, demonstrating a relatively balanced development trend. The current balance of payments have also remained generally stable." [Voice_over] What makes the RMB exchange rate significant is its role as an automatic stabilizer for adjusting the balance of payments. With its enhanced flexibility, the rate can release external pressures in a timely and effective manner. That's why the official believes a stable operation of China's foreign exchange market in the second half will continue. [Sound_bite] Li Bin, Deputy Administrator, State Administration of Foreign Exchange: "China's economy will sustain its recovery momentum, providing stronger support for the foreign exchange market. As China continues to expand high-level opening-up, the global balance of payments is stable. Meanwhile, the resilience of China’s foreign exchange market continues improving, effectively mitigating the risk of external shocks." [Voice_over] China's strength to respond to external shocks also comes from its greater economic performance. The world's second-largest economy achieved 5.3 percent growth in the first half. With its 14th Five-Year Plan period coming to a conclusion, China is leading the world in the total volume of trade in goods, and remains second largest globally in the consumer market. [Restrictions : No access Chinese mainland]