See the Complete Picture.
Published loading...Updated

China and CELAC usher in new chapter of South-South cooperation

  • China and CELAC held the fourth ministerial meeting in Beijing on May 13, 2025, to strengthen South-South cooperation.
  • This meeting followed decades of increasing ties, including a nearly 40-fold rise in bilateral trade to $500 billion by 2024 and 23 LAC nations joining the Belt and Road Initiative.
  • Key projects like the November 2024 Chancay Port inauguration have reduced shipping time by one-third, lowered logistics costs by 20%, and are expected to create thousands of jobs.
  • China pledged a $9.2 billion credit fund for CELAC countries and announced visa-free access for five nations, while a CGTN poll showed over 80% of Latin Americans view the partnership positively.
  • These developments suggest deepening economic and social integration amid global protectionism, with China and CELAC aiming for common development through five major cooperative projects.
Insights by Ground AI
Does this summary seem wrong?

14 Articles

All
Left
7
Center
1
Right
1
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 78% of the sources lean Left
78% Left
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

CGTN broke the news in Beijing, China on Tuesday, May 13, 2025.
Sources are mostly out of (0)