LAC becomes second-largest destination for China's outbound investment

Xinhua
25 May 2023, 02:44 GMT+10

GUANGZHOU, May 24 (Xinhua) -- Latin American and Caribbean (LAC) region has become the second-largest destination for China's overseas investment, according to the China-CELAC Private Sector Forum held on Wednesday in Dongguan, south China's Guangdong Province.

In 2022, China-LAC trade reached 485.7 billion U.S. dollars, up 7.7 percent year on year. More than 3,000 Chinese enterprises operate in the LAC region, including many private ones.

Xu Lejiang, executive vice chairman of the All-China Federation of Industry and Commerce (ACFIC), said China is pursuing high-quality development and high-level opening-up, which will surely bring more opportunities to LAC countries and the rest of the world.

Xu said when conducting economic, trade, and investment cooperation with LAC countries, Chinese private enterprises should actively shoulder social responsibilities and contribute to the steady and long-term development of China-LAC friendly cooperation.

The forum was hosted by the ACFIC and the Guangdong provincial government.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Trinidad Times.

More Information

81 ℉

Partly Cloudy in Picaro

International

Section

Pence, former VP, to announce candidacy for president

WASHINGTON D.C.: Reuters has reported that on 7th June, former Vice President Mike Pence will enter the race for the ...

Panic, confusion in Seoul after failed North Korea rocket launch

PYONGYANG, North Korea: North Korea attempt failed to launch a satellite on May 31, which prompted raid sirens and a ...

UN notes few women in top China government positions

HONG KONG, China: Describing the lack of women in China's top leadership as concerning, the United Nations has recommended the ...

China: we will send men to moon by 2030

BEIJING, China: Amid its rivalry with the US for reaching new milestones in space, reflecting their competition for global influence, ...

US sees largest post-Covid holiday weekend with 10 million at airports

WASHINGTON D.C.: A Transportation Security Administration (TSA) report released this week revealed that over the Memorial Day weekend, the start ...

Chinese ship held in Malaysia after removing arms from sunk WWII ship

KUALA LUMPUR, Malaysia: Malaysia's maritime agency has said that it found a cannon shell believed to be from World War ...

Caribbean

Section