Chinese president makes a series of nods to the region in a speech in Beijing; will open a credit line of US $ 9.2 billion
China’s president, Xi Jinping (CCP), said on the 3rd (13.MAI.2025) that will encourage Chinese companies to increase investments in Latin America and the Caribbean. The statement was given in an opening speech of the China-Celac Forum (Latin American and Caribbean Community).
The Chinese leader made a number of nods for the region in a 15 -minute speech. He said the Asian country will open a new credit line of 66 billion yuans (US $ 9.2 billion) for development projects and expressed the desire to buy more products from Latin American and Caribbean nations.
In addition to the economic area, Xi Jinping has announced that his government will dispense with the need for visas for 5 Latin and Caribbean countries – not indicated which – and which intends to expand this exemption in the future.
The president stated that he will encourage greater cultural and educational exchange. Over the next 3 years, China will hold “Seasons of Latin and Caribbean Art” and will help in preserving historical places in the region. More scholarships will also be offered in the Asian country for teachers and students.
Criticism of Trump
Xi Jinping did not mention the name of US President Donald Trump (Republican) in the speech, but criticized “Systemic attacks, which will lead to isolation”. Said he “There are no winners in commercial wars”
He repeated several times in the discourse that commercial multilateralism and the creation of a future shared between China and the region are a desire of the Chinese government.
“No matter how the world changes, China will always be a good partner for Latin America and the Caribbean”declared Xi Jinping.
