ROK-Panama Foreign Ministers’ Meeting Takes Place

China has established a fund of $10 billion to support the country’s industrial cooperation with Latin America, the central bank announced on Sept 1.

Initiated by the People’s Bank of China (PBOC), the central bank, the State Administration of Foreign Exchange, and the China Development Bank (CDB), the fund will provide medium- and long-term financing to major projects, the PBOC said in a statement.