Li's visit is aimed to promote cooperation in expanding production capacity and to tap the cooperation potential beyond traditional areas like mineral resources, energy and agriculture in a wider range of sectors, from finance to manufacturing, technology, aerospace and infrastructure.
In Brazil, the two sides will sign a series of bilateral accords, including an agreement on a joint study of the feasibility of building an railway connecting the Brazilian Atlantic coast with the Peruvian Pacific coast, as an export corridor through South America.
Xu Shicheng, a researcher with the Latin America Institute of the Chinese Academy of Social Sciences, said the cooperation to boost production capacity can serve as a springboard for the economic transformation of both sides.
"The cooperation between China and Latin America in production capacity can help the latter turn the advantage of its resources into an advantage of its industries, and in this way lift bilateral cooperation to a higher level and make it more fruitful," Xu said.
RESHAPING WORLD ORDER
As developing countries gain more economic strength, the global political landscape will undergo profound and complex changes, because these countries are showing greater willingness and strength to reject an unfair and irrational political and economic world order. ( The existing world order imposed by developed countries continues to place developing countries at a disadvantage when it comes to drafting international rules and regulations, as was the case with proposed reforms of the International Monetary Fund quotas.
No developing country alone is capable of changing the existing world order. Such countries should unite to strengthen the South-South cooperation and speak with one voice to preserve their common interests.
"The structure of world power has changed," said Garcia. "Latin America must insert itself more effectively in the interests of the South, and to do that there must be greater consensus. It must not present itself to the world in fragments, but try to establish a common denominator on core issues."
China and Latin American and Caribbean countries share similar needs and opinions on the democratization of international relations, the principle of "common but differentiated responsibility" on climate change, and pursue reforms of the global financial system, he noted.
Bruno Ayllon, a researcher at Ecuador's Advanced National Studies Institute, said the China-Latin America cooperation represents a "political outlook" that seeks "a much more multilateral world, where the new centers of power succeed in balancing out the hegemony of the Western nations."
China and Latin America are not looking to overthrow the current world order, but to modify it through peaceful means in the interest of a more just, democratic and balanced future of the human being, he said.
ECLAC Executive Secretary Alicia Barcena has described Latin America as a peaceful and stable force that "can be part of the solution to many global problems."
