President Xi Jinping vowed on Tuesday to boost China's footprint in Latin America and the Caribbean with a new $9 billion credit line and fresh infrastructure investment, although Brazil warned the region not to become overly reliant on foreign funding.

China is increasing its engagement with Latin America and the Caribbean, offering a $9 billion credit line and new infrastructure investments. At the China-CELAC Forum Ministerial Meeting, President Xi Jinping highlighted the importance of collaboration,

China is moving to strengthen its alliances with other countries as a counterweight to President Donald Trump’s trade war, presenting a united front with Latin American leaders a day after China and the US agreed to a 90-day truce in their tariffs stalemate.