At CELAC meeting, China's Xi Jinping strengthens ties with Latin America
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At CELAC meeting, China's Xi Jinping strengthens ties with Latin America

Chinese President Xi Jinping is hailing burgeoning ties with Latin America.

He pledged Thursday to use his country’s economic clout to support billions of dollars in regional projects and almost double two-way trade to $500 billion over the next 10 years.

Xi was addressing a two-day meeting between officials from China and Latin American and Caribbean countries a day after meeting in Beijing with Venezuelan President Nicolás Maduro, who said he received pledges of $20 billion in Chinese investment into his country’s beleaguered economy.

Xi emphasized the potential for future growth in ties between China and the grouping of more than 30 nations known as the Community of Latin American and Caribbean States (CELAC), which together account for 1/8th of the global economy.

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