Chinese President Xi Jinping has denounced “bullying and hegemony” in a veiled jab at the United States, as he addressed Latin American and Caribbean leaders at a major forum in Beijing.
The China–Community of Latin American and Caribbean States Forum (China-CELAC) convened on Tuesday, with President Xi emphasizing Beijing’s strategic drive to strengthen ties with the region amid escalating tensions with Washington.
In his address, Xi identified unity and cooperation as the only means through which “countries can safeguard global peace and stability and promote worldwide development and prosperity.”
He announced a commitment of approximately $9.2 billion in credit lines to support development projects across Latin America and the Caribbean, signaling China’s intent to bolster economic partnerships in the region.
The forum followed the US’s continued aggressive approaches, including its escalation of tariffs on Chinese imports through a rapid series of increases during the year up to 145 percent.
The two sides agreed to a 90-day decrease period on Monday, during which Washington will lower tariffs on Chinese goods from 145% to 30%, while China will reduce its tariffs on American imports from 125% to 10%.
President Xi said Tuesday, “There are no winners in tariff wars or trade wars.”
The notable attendees at the forum included Brazilian President Luiz Inacio Lula da Silva, who is on a state visit to China.
Lula’s presence signaled the strengthening of ties between Brazil and China, with discussions focusing on enhancing bilateral trade and investment.
Additionally, President Gustavo Petro announced Colombia’s intention to join China’s Belt and Road Initiative.
The global infrastructure and economic development strategy launched by Xi in 2013 aims to enhance connectivity and cooperation between the country and nations worldwide through investments in infrastructure, trade, and economic integration.
Observers say the China-CELAC forum is a platform for China to expand its influence in Latin America and the Caribbean, regions traditionally within the US sphere of influence.
The diplomatic engagement followed closely on the heels of the Chinese president’s visit to Moscow less than a week ago, where he met with his counterpart Vladimir Putin.
The meeting emphasized mutual support and collaboration on international issues, similarly reflecting China’s broader strategy to foster alliances amid shifting global dynamics.