Chinese President Xi Jinping pledged $9.2 billion in credits to Latin American and Caribbean nations on Tuesday, May 13, 2025. The announcement was made at the opening of the IV China-CELAC Ministerial Forum in Beijing.
Xi emphasized the need for unity and cooperation to ensure global peace, stability, development, and prosperity. He advocated for closer ties with Latin America and the Caribbean amid geopolitical confrontation and protectionism.
Xi criticized unilateralism and hegemonic behavior, seemingly referencing the United States. He noted the growing trade volume between China and the region, exceeding $500 billion last year, 40 times more than at the beginning of the century.