Chinese President Xi Jinping has offered over 9 billion dollars in fresh credit lines to support development in Latin America and the Caribbean region.
Xi gave a speech at a ministerial meeting of the China-CELAC Forum in Beijing on Tuesday.
He said trade between China and Latin American countries exceeded 500 billion dollars for the first time last year, for a 40-fold increase compared to the beginning of this century.
Xi expressed readiness to join hands with the countries amid "surging undercurrents of unilateralism and protectionism."
He pledged to strengthen cooperation in fields including infrastructure, agriculture and energy. He also announced China would provide 66 billion yuan, or 9.2 billion dollars, in credit to the region.
On Monday, China and the US said they agreed to cut additional tariffs on each other by 115 percentage points, easing their trade dispute for the time being.
It remains unclear whether they can reach an agreement on issues such as opening markets and balancing out the bilateral trade deficit.
Xi gave a speech at a ministerial meeting of the China-CELAC Forum in Beijing on Tuesday.
He said trade between China and Latin American countries exceeded 500 billion dollars for the first time last year, for a 40-fold increase compared to the beginning of this century.
Xi expressed readiness to join hands with the countries amid "surging undercurrents of unilateralism and protectionism."
He pledged to strengthen cooperation in fields including infrastructure, agriculture and energy. He also announced China would provide 66 billion yuan, or 9.2 billion dollars, in credit to the region.
On Monday, China and the US said they agreed to cut additional tariffs on each other by 115 percentage points, easing their trade dispute for the time being.
It remains unclear whether they can reach an agreement on issues such as opening markets and balancing out the bilateral trade deficit.
Similar Readings (5 items)
China to invest extra 1 billion dollars to support developing nations
China pledges over $50 bil. financial support to modernize African nations
Xi calls on China's military to beef up strategic capabilities in emerging areas
Xi stresses 'complementarity' between Chinese and EU economies
Xi Jinping announces plan to better protect interests of foreign firms
Summary
Chinese President Xi Jinping announced a fresh credit line of over $9 billion at the China-CELAC Forum in Beijing, with aims to bolster development in Latin America and the Caribbean. In his speech, he highlighted the 40-fold increase in trade between China and Latin American countries, now
Statistics
166
Words1
Read CountDetails
ID: fdd55e01-a666-4d84-99f8-2714affd85a9
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20250513_22/
Date: May 13, 2025
Created: 2025/05/14 07:00
Updated: 2025/12/08 04:12
Last Read: 2025/05/14 07:49