Argentinian, Peruvian, Bolivian FMs' visit to strengthen China-Latin America relations: spokesman

The visits of foreign ministers of Argentina, Bolivia and Peru to China will inject new impetus into the China-Latin America relations, said a Chinese Foreign Ministry spokesman on Monday.

"Last week, the Chinese side announced the visit of foreign ministers of Argentina, Bolivia and Peru to China. During the visit, Chinese Foreign Minister Wang Yi, also a member of the Political Bureau of the Communist Party of China Central Committee, held and will hold talks with them respectively to exchange views on bilateral relations as well as international and regional issues of common interest. The date of foreign ministers' visit to China is mainly determined according to the schedule of foreign ministers of the two sides," said Lin Jian, the spokesman.

Minister of Foreign Affairs, International Trade and Worship of Argentina Diana Mondino, Minister of Foreign Affairs of Bolivia Celinda Sosa Lunda, Minister of Foreign Affairs of Peru Javier Gonzalez-Olaechea Franco are visiting China at the invitation of Wang.

Argentine Foreign Minister Mondino is paying a visit to China from April 27 to May 1. Minister of Foreign Affairs of Peru Javier Gonzalez-Olaechea Franco is paying a visit to China from April 28 to 30.

Minister of Foreign Affairs of Bolivia Sosa is paying a visit to China from April 28 to 30. Wang held talks with Sosa in Beijing on Sunday, and both sides pledged to advance bilateral cooperation and multilateral coordination.

"In recent years, China's relations with Latin American countries have maintained a good momentum of growth, with deepening mutual trust and cooperation. China will continue to strengthen solidarity and cooperation with Latin American countries. It is believed that the visits to China by foreign ministers of Argentina, Bolivia and Peru will inject fresh impetus into the future development of China-Latin America relations," said Lin.

Argentinian, Peruvian, Bolivian FMs' visit to strengthen China-Latin America relations: spokesman

Argentinian, Peruvian, Bolivian FMs' visit to strengthen China-Latin America relations: spokesman

The People's Bank of China (PBOC) -- China's central bank -- injected liquidity into the banking system through medium-term lending facility (MLF) and reverse repos on Wednesday.

The PBOC injected 125 billion yuan (about 17 billion U.S. dollars) into the market via the MLF, which will mature in one year at an interest rate of 2.5 percent.

A total of 2 billion yuan (about 281.5 million U.S. dollars) of seven-day reverse repos were also conducted at an interest rate of 1.8 percent.

The move is aimed at keeping liquidity reasonable and ample in the banking system to fully satisfy the needs of financial institutions, the central bank said in a statement.

The MLF tool was introduced in 2014 to help commercial and policy banks maintain liquidity by allowing them to borrow from the central bank using securities as collateral.

A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.

China's central bank keeps medium-term lending facility rate unchanged to add liquidity