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CELAC Forum participants speak highly of Xi's speech

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CELAC Forum participants speak highly of Xi's speech

2025-05-14 21:42 Last Updated At:23:57

President Xi Jinping's speech at the fourth ministerial meeting of the China-CELAC (Community of Latin American and Caribbean States) Forum on Tuesday highlights multilateralism and win-win cooperation, bringing China and CELAC member countries closer, said participants from Latin American countries.

At the opening ceremony of the forum, which was held in Beijing on Tuesday, President Xi delivered a keynote speech, calling for deepened cooperation between China and Latin American and Caribbean (LAC) countries, garnering wide appreciation among LAC experts and politicians.

"We have carefully listened to President Xi's speech and are delighted to embrace the five major programs he proposed to promote cooperation between China and the Community of Latin American and Caribbean States. These constructive initiatives, as President Xi said, will surely make greater contributions to the development, win-win cooperation, and peace of the people of our countries. This fills us with optimism and hope, and will also boost the technological development of our countries, bringing us closer together and enhancing mutual understanding," said Laureano Ortega Murillo, Advisor to Nicaraguan President on Investment, Trade and International Cooperation.

Xi's speech suggests a world order of justice, equality, and multilateralism, which envisions wider cooperation between China and LAC countries, Clement Rohee, Former Guyanese Foreign Minister, pointed out.

"Suggestion that was made by President Xi, or the vision, I should say, that was provided by President Xi, is one that holds great optimism for the future of China-Latin America cooperation. We have to have a world that is based on a true governance that is based on multilateralism. Minilateralism is becoming something of the past, and the path or the pathway that China is suggesting, that is to say, a system of governance based on justice and equality," said Clement.

As the cooperation and collaboration are expected to cover wider aspects, China has been and will continue to be a reciprocal partner of LAC countries, said Edgar Tello, a Peruvian Congressman.

"The leadership of President Xi Jinping is of great significance to the development and progress of each country. It enables the natural resources of Latin American and Caribbean countries to complement the technology of China, which will generate more job opportunities and stimulate the economy," said Edgar.

CELAC Forum participants speak highly of Xi's speech

CELAC Forum participants speak highly of Xi's speech

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China renews bilateral currency swap agreement with Türkiye

2025-06-14 06:27 Last Updated At:07:17

The People's Bank of China (PBOC), the country's central bank, has renewed a bilateral currency swap agreement with the Central Bank of the Republic of Türkiye.

The total value of this agreement is 35 billion yuan (about 4.88 billion U.S. dollars), or 189 billion Turkish lira, the PBOC said in a statement on its website on Friday.

The agreement is valid for three years and can be renewed upon mutual consent, according to the statement.

Meanwhile, the two sides have also signed a memorandum of understanding to establish a yuan clearing arrangement in Türkiye.

These arrangements mark a new stage in China-Türkiye financial cooperation and are expected to facilitate the use of local currencies by enterprises and financial institutions of both countries for cross-border settlements, further promoting and facilitating bilateral trade and investment, the statement said.

China renews bilateral currency swap agreement with Türkiye

China renews bilateral currency swap agreement with Türkiye

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