BEIJING: China and Chile on Monday signed a host of cooperation deals, including a multi-billion dollar currency swap pact as the two countries move to enhance their trade and financial ties.
The latest development came after a meeting between visiting Chinese Premier Li Keqiang and Chilean President Michelle Bachelet, who jointly witnessed the signing of a series of bilateral business contracts and governmental accords in areas including politics, trade, finance, mining, agriculture, production capacity and science and technology.
China agreed to grant a quota of 50bn yuan ($8.1bn) to RMB qualified foreign institutional investors in the Southern American country, according to a joint declaration issued here Monday after their meeting.
The three-year currency swap deal worth 22bn yuan ($3.5bn) signed between the central banks of China and Chile is aimed at promoting the bilateral trade and investment, according to a statement on the website of the People’s Bank of China, country’s central bank.
