China supports closer cooperation with LAC countries through China-CELAC Forum: spokesman

The China-CELAC Forum is an important platform for mutually beneficial cooperation among China, Latin American, and Caribbean countries, Foreign Ministry spokesman Lin Jian said on Tuesday.

The China-CELAC (Community of Latin American and Caribbean States) Forum opened its 4th ministerial meeting earlier the day in Beijing.

"The China-CELAC Forum is an important platform for mutually beneficial cooperation among China, Latin American and Caribbean countries. China has always welcomed and supported the participation of the CELAC member states in the activities within the framework of the forum," said Lin at a regular press briefing in Beijing

China supports closer cooperation with LAC countries through China-CELAC Forum: spokesman

China supports closer cooperation with LAC countries through China-CELAC Forum: spokesman

The Chinese yuan strengthened to a 32-month high against the dollar on Monday, after the People's Bank of China lifted its official guidance rate.

The onshore yuan rose to a high of 6.97 per dollar at 1245 GMT, the strongest level since May 2023. Meanwhile, its offshore counterpart last fetched 6.96 per dollar.

The central bank set the midpoint rate at 7.0108 per dollar -- the firmest level since September 2024.

The yuan gained 4.5 percent against the dollar in 2025, marking its best annual performance since 2022, supported by a broadly weaker greenback and increased year-end foreign exchange settlements by Chinese exporters.

Chinese yuan hits 32-month high against US dollar