China's Xi woos Latin America with $250 billion investments

January 8, 2015 7:40 AM

9 0

China's Xi woos Latin America with $250 billion investments

BEIJING (Reuters) - Chinese President Xi Jinping pledged on Thursday $250 billion in investment in Latin America over the next 10 years, as part of a drive to boost Beijing's influence in a region long dominated by the United States.

Leaders of the Community of Latin American and Caribbean States, or CELAC - a bloc of 33 countries in the region that excludes the United States and Canada - gathered in Beijing for the first time for a two-day forum on Thursday.

Also read: Amid Battle With IS, Iraq Parliament Approves Next Budget

Read more

To category page

Loading...