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M. Continuo

Xi says China's investments in Latin America to hit $250 billion in next 10 years


    BEIJING (Reuters) - Chinese President Xi Jinping said on Thursday that China's investments in Latin America will hit $250 billion (166 billion pounds) in the next 10 years and two-way trade is estimated to rise to $500 billion during the same period.

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

    (Reporting by Megha Rajagopalan, Writing by Sui-Lee Wee; Editing by Jacqueline Wong)