China, Chile Sign Multibillion Dollar Currency Swap

Chile and China have signed a number of cooperation deals, including a multibillion USD currency swap. This comes as the two countries move to enhance their trade and financial ties. In a meeting between Chinese Premier Li Keqiang and President Michelle Bachelet, China agreed to grant a quota of US$8.1 billion to foreign institutional investors in the Latin American country. Bachelet said the two countries would strengthen cooperation in energy, mining, public works, infrastructure and promoting investment. teleSUR