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Bank of China opens Chile branch

Bank of China Ltd. on June 6 opened its branch in Chile, the bank's fifth in Latin America, China Daily reported June 8.

The bank said it will help promote economic and trade cooperation between China and Chile. China is Chile's largest trading partner and largest export destination, while Chile is China's third-largest trading partner in Latin America, according to the report.

The bilateral trade volume of the two countries rose by 12.7% year over year to US$35.4 billion in 2017, according to China's General Administration of Customs.