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China-CELAC Forum boosts partnership, fosters shared future between China, Latin America: FM

China

China

China

China-CELAC Forum boosts partnership, fosters shared future between China, Latin America: FM

2025-05-13 21:25 Last Updated At:21:37

The China-Community of Latin American and Caribbean States (CELAC) Forum has added new dimensions to the China-LAC comprehensive cooperative partnership and injected fresh momentum into building a China-LAC community with a shared future, Chinese Foreign Minister Wang Yi said on Tuesday.

Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, chaired the fourth ministerial meeting of the China-CELAC Forum held in Beijing on Tuesday.

Foreign ministers or representatives from CELAC member countries and heads of relevant regional organizations gathered in China's capital to discuss common development goals and advance the building of a China-LAC community with a shared future.

Marking the 10th anniversary of the Forum's official launch, Wang noted that the past decade has witnessed frequent high-level exchanges, fostering a strong consensus on unity and development. He said these efforts have guided China-CELAC relations into a new phase of equality, mutual benefit, innovation, and openness while delivering tangible benefits to the people.

"After a decade of meticulous cultivation, the forum mechanism has grown increasingly mature and has become an important platform for equal dialogue and mutually beneficial cooperation between China and Latin America. It has added new dimensions to the China-LAC comprehensive cooperative partnership and injected fresh momentum into building a China-LAC community with a shared future," Wang said.

Speaking on strengthening solidarity between China and Latin America, Wang said the two sides would firmly support each other's core interests, deepen economic cooperation, promote peace and security, and continue to enhance cultural exchange and mutual learning while jointly upholding international fairness and justice.

He added that China and Latin America have set a new example for global relations and have driven greater cooperation across the Global South, he added.

Lamin O'Brian Newton, government senator of Antigua and Barbuda, said, "I'm very optimistic and excited. Based on what I've heard, it shows the collaboration and cooperation of all the member countries that we intend to strengthen our bilateral arrangements with China. I think that with all the trade wars and the tariff wars that we're seeing, this is extremely important for all the countries meeting here today."

Uruguayan Foreign Minister Mario Lubetkin said, "It's very important we recognize China, when we say we, we talk about the 33 countries that are here, we recognize China like a serious partner in which we can work together very concrete."

The ministerial meeting witnessed the adoption of two key documents: the Beijing Declaration, which reaffirms both sides' commitment to peace, development, and cooperation, and a joint action plan outlining specific initiatives in technology, trade, investment, infrastructure, and Belt and Road cooperation.

China-CELAC Forum boosts partnership, fosters shared future between China, Latin America: FM

China-CELAC Forum boosts partnership, fosters shared future between China, Latin America: FM

China's outstanding aggregate social financing -- the total amount of financing to the real economy -- reached 442.12 trillion yuan (about 63.4 trillion U.S. dollars) as of the end of 2025, up 8.3 percent year on year, central bank data showed on Thursday.

The country's aggregate social financing stood at 35.6 trillion yuan (about 5.1 trillion U.S. dollars) in 2025, up by 3.34 trillion yuan (about 479 billion U.S. dollars) from the year 2024, said the People's Bank of China (PBOC), the country's central bank.

According to the data, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year on year to 340.29 trillion yuan (about 48.8 trillion U.S. dollars) as of the end of December.

In addition, outstanding yuan loans stood at 271.91 trillion yuan (about 39 trillion U.S. dollars) at the end of 2025, up 6.4 percent year on year.

China's aggregate social financing maintains high growth in 2025

China's aggregate social financing maintains high growth in 2025

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