In the 21st century, frequent high-level visits have given leaders of both sides chances to compare notes on global issues of common interests, supporting and coordinating with one another in the world affairs.
Political trust between the two sides has helped promote cooperation in economy, trade, science and technology, culture and education, opening up a new prospect for the development of bilateral ties in an all-round manner.
Two-way trade between China and Latin America doubled over the past decade, and last year saw the trade volume reach 261.2 billion U.S. dollars.
The rapid trade growth has benefited the economic development of both sides. Some economists said it was the large amount of Latin American exports to China in recent years that has protected the region from the heavy blow of the worldwide economic crisis.
Meanwhile, the two sides also seek to promote mutual investment.
Expanding investment in Latin America is consistent with Chinese enterprises' "going-out" strategy, and also meets the needs for domestic economic and social development of Latin American countries.
At present, China's non-financial investment in Latin America amounts to more than 54 billion dollars, mainly in the fields of mining and energy.
Copyright ©1999-2011 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.
