China Pledges Credit Lines and Exchange Programs for CELAC Countries

Web Editor

May 13, 2025

a group of men and women in suits and ties standing in front of a wall with a painting of a building

President Xi Jinping’s Call for Unity Amid Trade Wars

Beijing. In an effort to strengthen cooperation and build a shared future with countries in Latin America and the Caribbean, China has announced plans to provide credit lines, facilitate experience exchanges in governance and educational training, deepen cultural ties, and promote peace.

Credit Lines and Exchange Programs

During his opening speech at the Fourth Ministerial Meeting of the China-Community of Latin American and Caribbean States (CELAC) forum held in Beijing on Tuesday, President Xi Jinping revealed that China will offer 66 billion yuan (approximately 9.0 billion USD) in credit lines to Latin America. He also pledged to invite 300 political party officials annually from CELAC member states to visit China for experience exchanges in governance and to promote the Global Civilization Initiative.

Global Security and Development Initiatives

Xi Jinping further outlined China’s commitment to implementing the Global Security Initiative, which includes supporting the creation of a nuclear-weapon-free zone, enhancing cooperation in disaster management, cybersecurity, and combating terrorism, corruption, narcotics, and transnational organized crime. Over the next three years, China plans to provide:

  • 3,500 government-funded scholarships
  • 10,000 training spots in China
  • 500 scholarships for Chinese international teachers
  • 300 training spots for technical talents to alleviate poverty

Defending Sovereignty and Opposing External Interference

Xi Jinping emphasized that in trade and tariff wars, there are no winners, only victims. He advocated for solidarity and cooperation among nations to preserve global peace, stability, and promote development and prosperity. Addressing world leaders, diplomats, and foreign ministers, he stated:

“China firmly supports Latin America and the Caribbean in pursuing a development path that suits their national conditions and safeguarding their national sovereignty and independence, as well as opposing external interference.”

“No matter how the international situation changes, China will always be a good friend and partner to the countries of Latin America and the Caribbean,” he added.

Revitalizing the China-CELAC Alliance

Ten years after the establishment of the China-CELAC forum, the Asian giant proposes to revitalize the alliance in areas such as trade, investment, finance, science, and technology. China aims to surpass over 200 infrastructure construction projects within the Belt and Road Initiative framework.