Caitlin Clark breaks another record as rookie card sells for $660,000
Caitlin Clark has shattered another record, this time off the court as a signed rookie card of the WNBA star sold for an unprecedented $660,000, the h...
Latin American leaders deepened ties with China at the China-CELAC Forum in Beijing, highlighting growing economic and strategic cooperation as global power dynamics shift and China expands its influence in the Global South.
In a high-profile diplomatic gathering this week, Chinese President Xi Jinping welcomed several Latin American heads of state to Beijing for the China-CELAC Forum, marking a new phase in the strategic partnership between China and the region. Presidents Luiz Inácio Lula da Silva of Brazil, Gustavo Petro of Colombia, and Gabriel Boric of Chile are among the key figures attending the summit, which underscores China’s growing influence in Latin America amid shifting global trade dynamics. The forum comes as the US. and China attempt to stabilize their own economic ties following a months-long trade standoff, with both sides recently agreeing in Geneva to reduce tariffs and pause new trade barriers for 90 days. Against this backdrop, China is accelerating its outreach to the Global South - particularly Latin America, as part of its broader effort to secure markets, resources, and diplomatic support.
During the meetings, Colombian President Gustavo Petro announced that Colombia will officially join China’s Belt and Road Initiative (BRI), calling it a “sovereign decision” to boost industrial development, AI capabilities, and trade. “This is not about ideology - it’s about employment, growth, and innovation,” Petro told Chinese media. Colombia becomes the latest in a growing list of Latin American nations aligning themselves with China’s ambitious infrastructure and development program.
Brazil’s President Lula, on his second official visit to China since returning to power, is focusing on expanding trade in agricultural products and minerals, as well as deepening cooperation in renewable energy and logistics. Several bilateral trade and infrastructure agreements are expected, including potential railway investments linking Brazil’s inland regions to coastal ports managed by Chinese firms.
Chilean President Gabriel Boric is centering his visit on lithium cooperation, with Chile holding some of the world’s largest lithium reserves - crucial for China’s electric vehicle and battery industries. Chile and China are also expected to explore broader trade and investment cooperation under the upgraded China-Chile Free Trade Agreement. China has significantly expanded its role in Latin America over the past two decades. Since launching the BRI in 2013, Beijing has signed cooperation agreements with over 20 Latin American and Caribbean countries, offering infrastructure loans, investment, and trade opportunities often without the political conditions tied to Western financing.
While China’s growing presence is welcomed by many governments in the region as a counterbalance to US. influence, it has also raised strategic concerns in Washington. US. officials have warned against economic over-dependence on China and questioned the long-term sustainability of some BRI projects. Nevertheless, the Beijing summit reflects a clear trend as China positions itself as a leader of the Global South, the Latin American nations are increasingly looking eastward for economic growth and political alignment in an uncertain multipolar world.
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