China's economic cooperation with Latin America is accelerating due to the country's expanding domestic demand and the region's economic restructuring, according to the Ministry of Commerce.
 

President Xi Jinping, on his second trip to Latin America as president in just over a year, pledged on Tuesday to strengthen cooperation with the region and highlighted the benefits of forging stronger ties. 
 

"Latin America is a vibrant and promising market. China and Latin America highly complement each other economically," a ministry official said.
 

China is Latin America's third-largest trade partner after the United States and the European Union, while the region is China's seventh-largest trade partner.
 

"On the whole, bilateral trade still centres on traditional products, but both sides should encourage the trade of high-tech and high-value-added products," said the ministry official.
 

"The Chinese government encourages domestic enterprises to increase their investment in Latin America and welcomes more investment from the region. Investment cooperation can centre on sectors such as new energy, new materials, energy conservation and environmental protection, bio industry, technology innovation and advanced manufacturing. Great potential is also envisioned in aerospace, auto manufacturing, electronic information, mechanical equipment and large-scale infrastructure," the official said. 

Name

Email

Title

Comment

smaller | bigger

Subscribe via email (Registered users only)

I have read and agree to the Terms of Usage.

Write the displayed characters

Add Comment