Jin Rong Shi Bao·2025-07-11 01:52Group 1: Core Perspectives - The Chinese Premier Li Qiang emphasized the importance of strengthening strategic cooperation between China and Egypt as key members of the "Global South" to promote peace and prosperity [1] - The "Global South" now accounts for over 40% of the global economy and contributes 80% to global economic growth, becoming a crucial force in maintaining world peace and driving development [1] Group 2: Financial Cooperation and Infrastructure Development - Financial cooperation is a key area for win-win collaboration among "Global South" countries, with Chinese financial institutions optimizing services to support high-quality development [2][3] - The Belgrano freight railway in Argentina saw its capacity increase to 235% post-renovation, funded by the China Development Bank, showcasing successful infrastructure projects [2] - Ecuador's first national ultra-high voltage transmission line, financed by the Export-Import Bank of China, has significantly improved the country's power supply capacity [2] Group 3: Policy Support and Investment - The Chinese government has announced a $10 billion trade financing quota to support African exports and established financing windows totaling 350 billion RMB to support Belt and Road projects [3] - The establishment of a research center for the "Global South" and the continued use of a $20 billion funding window for developing countries highlight China's commitment to deepening practical cooperation [3] Group 4: Trade and Project Cooperation - The rise of the "Global South" has led to increased economic and trade exchanges, with China supporting its enterprises to invest abroad while welcoming foreign investments [4] - Chinese financial institutions are actively involved in major projects in Brazil, creating significant economic, social, and environmental value [5] Group 5: Financial Services and Cross-Border Transactions - Agricultural Bank of China plans to provide nearly $100 billion in financing services for trade between China and "Global South" countries in 2024, supporting over 100 Chinese enterprises [6] - The promotion of cross-border RMB loans and payment systems is enhancing trade facilitation and financial stability among "Global South" nations [7][8]