Uzbekistan and Azerbaijan hold first interparliamentary forum in Khiva
Uzbekistan and Azerbaijan launched their first interparliamentary forum in Khiva on July 1, marking a new chapter in bilateral legislative cooperation...
President Xi Jinping has announced a new $9 billion yuan-denominated credit line and expanded infrastructure investment for Latin America and the Caribbean, aiming to strengthen China's presence in the region while encouraging balanced and diversified cooperation.
President Xi Jinping pledged to deepen China’s economic and strategic engagement with Latin America and the Caribbean, unveiling a 66 billion yuan ($9.18 billion) credit facility for member countries of the Community of Latin American and Caribbean States (CELAC).
The announcement came during the China-CELAC Forum Ministerial Meeting in Beijing, where representatives from around 30 countries gathered for the high-level summit held every three years.
“China and the countries of Latin America and the Caribbean are important members of the Global South,” Xi said, emphasizing shared values such as independence, development, fairness, and justice. “Development and revitalization are our natural rights.”
Xi also promised expanded Chinese imports from Latin America and encouraged Chinese enterprises to pursue new investment opportunities across the region, underscoring Beijing’s long-term vision of deeper integration with CELAC nations.
The move further advances China's ambition to position itself as a leading development partner in the Americas, complementing ongoing projects under the Belt and Road Initiative. However, some governments, including Brazil, have urged caution about becoming overly reliant on external financing.
Despite this, analysts say the yuan-based credit line could offer valuable liquidity, especially for countries seeking to diversify away from dollar-denominated debt. “Access to capital is now more limited globally,” noted Eric Orlander, co-founder of the China-Global South Development Project. “These yuan-based agreements can make it easier for borrowing nations to transact and stabilize their economies.”
While challenges remain, particularly in balancing long-term debt sustainability, Xi’s pledges signal Beijing’s continued commitment to expanding cooperation and economic interdependence with Latin America.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
Concerns over new U.S. tariffs under President Donald Trump are weighing on global manufacturing, though June data show signs of resilience in countries like Japan, China, and Ireland.
Ukrainian President Volodymyr Zelenskyy spoke with Azerbaijani President Ilham Aliyev on July 1 to offer condolences, express gratitude for regional support, and reaffirm mutual commitment to sovereignty and bilateral cooperation.
The U.S. Department of Justice and FBI on Monday announced an arrest and indictments related to North Korea’s 'IT worker' program, through which North Koreans secured remote tech jobs at more than a 100 U.S. companies to steal money and data globally.
A senior figure in Russia’s defence establishment, Timur Ivanov, has been sentenced to 13 years in prison after being found guilty of corruption, amid an escalating crackdown on high-level misconduct.
As the Dalai Lama turns 90, the question of his successor is drawing global attention — not just spiritually, but a deeply political one for China, India, and the U.S.
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