Russia claims gains in Dnipropetrovsk region as Ukraine reports Intense clashes
Russia’s Ministry of Defence announced on Saturday that its forces had captured two villages in eastern Ukraine, including one located in the Dnipro...
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 world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
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.
Russia’s Ministry of Defence announced on Saturday that its forces had captured two villages in eastern Ukraine, including one located in the Dnipropetrovsk region — a new front where Moscow claims its troops are advancing.
The Israeli military announced on Saturday that it has resumed airdropped humanitarian aid to the Gaza Strip, just days after more than 100 international aid agencies warned of spreading mass starvation in the besieged enclave.
Thailand and Cambodia have agreed to meet for ceasefire talks after days of deadly border fighting that has killed more than a dozen people and forced over 150,000 civilians to flee.
Australia and the United Kingdom have signed a landmark 50-year treaty to cement their partnership under the AUKUS nuclear submarine programme.
U.S. President Donald Trump said on Saturday he was speaking with the leaders of Thailand and Cambodia to press for a ceasefire as border fighting entered its third day.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment