Xi Jinping pledges $9.2B to Latin America, slams U.S. 'bullying' in Beijing speech
Chinese President Xi Jinping vowed Tuesday, May 13 to deepen ties with Latin America and condemned "bullying" in a thinly veiled swipe at the United States, as he addressed regional leaders in Beijing.
Leaders and officials from Latin America and the Caribbean have descended on the Chinese capital for the China-CELAC (Community of Latin American and Caribbean States) Forum.
Beijing has stepped up economic and political cooperation with Latin American nations in recent years and has urged a united front against US President Donald Trump's recent maelstrom of tariffs. Addressing leaders on Tuesday, Xi hailed China's burgeoning ties with the region.
"Although China lies far from the Latin American and Caribbean region, the two sides have a time-honoured history of friendly exchanges," Xi said at the opening ceremony, likening the summit to a "great, sturdy tree".
"Only through unity and cooperation can countries safeguard global peace and stability and promote worldwide development and prosperity," Xi said, pledging $9.2 billion in credit towards "development" for the region.
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He also warned of "bloc confrontation". Xi's remarks come a day after the United States and China announced a deal to drastically reduce tit-for-tat tariffs for 90 days, an outcome Trump dubbed a "total reset".
This story is written and edited by the Global South World team, you can contact us here.
