Ecuadorian university students will fly to China later this month to learn about the latest advances in information and communications technology (ICT) at Chinese telecom giant Huawei.
As part of the company's program "Telecom Seeds for the Future," the 15 students will be Ecuador's first delegation to develop local ICT talent, enhance knowledge transfer and improve regional development of the digital community.
"We want to make the most of the opportunity to support the professional growth of young Ecuadorians in ICT," said Huawei Ecuador spokesperson Deyanira Cabrera.
After 30 years of fast development, China has become a powerhouse for global technology innovation.
With the concepts of innovation, coordination, green development, opening up and sharing taking the center stage in China's new five-year plan, the development of the world's second largest economy is poised to generate even more opportunities for Latin Americans to make a difference in their lives.
CHINA'S GROWTH PATTERN TRANSITION BRINGS OPPORTUNITIES
For Jose Manuel Ortega Gil-Fournier, a winery owner in Argentina, China's development will create a huge market for his business.
According to the recently unveiled 13th Five-Year Plan, China aims to double the gross domestic product (GDP) and the per capita income of both urban and rural residents of 2010 by 2020, and to shift the engine of growth from investment and exports to domestic consumption.
China's rapidly expanding middle-income group, who are changing their food consumption patterns, will be the target consumers for Ortega.
In the past five years, Ortega has traveled to China five times a year to get to know the market and to quench his thirst for Chinese culture.
"China is a big consumer of high-end wines. We want to convince the Chinese market and its consumers that France isn't the only good wine producer. Argentina can also make high quality wines," said Ortega.
China's "growth pattern is truly changing from an investment, export-led economy to a domestic consumption, services-driven one, leading to slower albeit healthier growth," Livio Ribeiro, an economist at the Getulio Vargas Foundation in Brazil, told Xinhua.
With deeper urbanization and increasing demand for soft commodities, China will most likely buy much more food and services by the end of this decade. "Understanding that is vital to play along with the growth (pattern) transition and reap all the opportunities it will create," Ribeiro said.
MADE IN CHINA, DELIVERED IN LATIN AMERICA
Economic and social development in China in the next five years will also bring more Chinese products to Latin American consumers, especially thanks to the fast development of China's e-commerce sector.
