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 50 billion yuan (8.1 billion dollars) 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 22 billion yuan (3.5 billion U.S. dollars) 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, China‘s central bank.