Chinese FM meets with Caribbean counterparts ahead of China-CELAC Forum

Chinese Foreign Minister Wang Yi met collectively with the foreign ministers and representatives of nine Caribbean countries that have diplomatic ties with China in Beijing on Monday.

The foreign guests from Antigua and Barbuda, the Bahamas, Barbados, Dominica, Grenada, Guyana, Jamaica, Suriname, and Trinidad and Tobago are in the Chinese capital to attend the fourth ministerial meeting of the China-CELAC (Community of Latin American and Caribbean States) Forum scheduled for Tuesday.

Wang, also a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, noted that this year marks the 10th anniversary of the China-CELAC Forum, a significant milestone to build on past achievements and chart the way forward for China-CELAC relations.

He said the forum has helped China and the Caribbean countries achieve mutual empowerment and shared success, while also advancing South-South cooperation and amplifying the influence of the Global South.

Wang emphasized that Caribbean countries are indispensable members of the China-CELAC Forum and that cooperation between China and the Caribbean countries has broad prospects. He called for joint efforts to advance and consolidate the comprehensive cooperative partnership between China and Caribbean countries.

The Caribbean foreign ministers highlighted the mutual trust and respect between their countries and China. They expressed appreciation for China's long-standing support, saying it has set an example for South-South cooperation.

Japan's benchmark 10-year government bond yield hit 2.590 percent on Wednesday, the highest level since May 1997.

The 10-year bond yield serves as a key indicator of long-term interest rates in Japan.

Bond prices and yields move in opposite directions. When investors actively purchase government bonds, prices rise and yields fall. Conversely, when bonds are sold off, prices drop and yields increase.