Chinese Foreign Minister Wang Yi held talks with Bolivian Foreign Minister Celinda Sosa Lunda in Beijing on Sunday, and both sides pledged to advance bilateral cooperation and multilateral coordination.
Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, noted that China and Bolivia enjoy a traditional friendship featuring mutual understanding and support. The year 2025 marks the 40th anniversary of the establishment of diplomatic relations between China and Bolivia. China is willing to work with the Bolivian side to take this opportunity to implement the important consensus reached by the two heads of state and promote China-Bolivia strategic partnership to a new level.
Wang said that both sides should continue to strengthen political mutual trust; enhance exchanges and cooperation between the governments, legislatures and political parties of the two countries; strengthen exchange of governance experience; synergize development strategies; and tap into the potential for cooperation in new areas such as digital economy, plateau agriculture, information and communication, and green development.
China and Bolivia should enhance coordination on multilateral strategies, jointly safeguard the purposes and principles of the UN Charter, and firmly safeguard the common interests of the Global South, said Wang, adding that China is willing to work together with Bolivia and other Latin American and Caribbean countries to promote the building of a China-Latin America community with a shared future.
Sosa noted that China is an important strategic partner for Bolivia, saying Bolivia hopes to upgrade cooperation with China in various fields such as economy and trade. Bolivia welcomes Chinese enterprises to invest and do business in the country.
Bolivia firmly supports the one-China principle, and the global initiatives proposed by China. Bolivia is willing to promote Latin America-China relations, Sosa said.
After their talks, the two foreign ministers witnessed the signing of a memorandum of understanding on cooperation between the foreign affairs academies of the two countries.
Chinese FM holds talks with Bolivian counterpart
Chinese FM holds talks with Bolivian counterpart
The ultra-long special treasury bonds newly issued by China will play a positive role in optimizing debt structure, stimulating investment and consumption, according to Chinese economists.
China will start to issue the first batch of one trillion yuan (about 140 billion U.S. dollars) ultra-long special treasury bonds on Friday to raise funds for major national strategies and build up security capacity in key areas.
The central debt sales will run from May through November. The bonds will include 20-year, 30-year and 50-year securities, according to a statement released by the Ministry of Finance on Monday.
"All underwriting institutions and investment entities can have clear expectations, which reflects the scientific nature of our financial management. On the basis of the first quarter, the ultra-long special treasury bonds will leverage social investment. It also has a positive effect on the capital arrangement and financial stability of the entire market," said Li Xuhong, vice president of Beijing National Accounting Institute.
Li said that judging from the main investment areas, the ultra-long special treasury bonds will be used exclusively for the implementation of major national strategies and the construction of security capabilities in key areas.
"For example, [our ultra-long special treasury bonds] support self-reliance in high-level science and technology, as well as our integrated urban and rural development, coordinated regional development, and food and energy security. In addition, we support the project of Building a Beautiful China. These are all key areas of our support," Li said.
Industry insiders said that ultra-long special treasury bonds are guaranteed by national credit and have the advantages of low risk and strong liquidity. In addition, the yield is higher than that of short and medium treasury bonds.
"Based on previous experience of issuing special government bonds, it is expected that the issuance interest rate will refer to the interest rate of relevant maturity government bonds in the secondary market. With the issuance of ultra-long special treasury bonds, the pace of fiscal expenditures will continue to accelerate, further boosting aggregate demand, and providing stronger support for people's livelihood and technological innovation, thus effectively supporting the continued improvement of the overall economic situation," said Gao Ruidong, chief economist at Everbright Securities.
Ultra-long treasury bonds to optimize debt structure, stimulate investment and consumption: experts
