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Caixin Global
Caixin Global

Business Brief (May 27): China Surpasses Japan as World’s Second-Largest Creditor

China surpasses Japan

Japan’s net foreign assets rose 4.4% year-on-year to a record 561.75 trillion yen (3.5 trillion) by the end of last year, according to the country’s Ministry of Finance. Despite the increase, Japan was overtaken by China, slipping to become the world’s third-largest creditor.

Shenzhen population growth leads nation

Shenzhen’s permanent population reached 18.25 million by the end of last year, with an annual increase of 259,000, leading the country. The top three Chinese cities by population growth are all located in the Greater Bay Area, with Dongguan and Guangzhou ranking second and third.

NEWS SUMMARY

China now accounts for more than 80% of the global humanoid robot market share.

Alibaba Cloud launched Qwen Cloud for overseas markets.

Contact editor Lin Jinbing (jinbinglin@caixin.com)

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