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People's Daily Online>>Foreign Affairs

Latin America benefits from China's development

By Zou Zhipeng (People's Daily)

08:10, November 25, 2011

Edited and translated by People's Daily Online

China's development provides opportunities for Latin America, the minister of foreign trade of Costa Rica told People's Daily on Nov. 21. It was also the sentence heard most frequently by the reporter on the site of the Fifth China-Latin America Summit of Enterprisers.

The theme of the summit was "Inclusive Development: New Chapter of China-Latin America Cooperation."

On Nov. 21 and Nov. 22, more than 1,000 government officials, entrepreneurs and scholars from the Inter-American Development Bank, Andean Development Bank, Peruvian government, China Council for the Promotion of International Trade and other organizations of China and Latin America gathered in the capital of Peru Lima and discussed many subjects, including how China-Latin America cooperation should be expanded in the new international context.

Latin America's interest in the Asia-Pacific Region, especially in China, has been growing. In May of 2011, the presidents of Mexico, Chile, Peru and Colombia declared in Lima the establishment of a new regional economic organization called the Pacific Group. They also made new development strategies aimed at Asia-Pacific markets and placed the greatest emphasis on trade relations with China.

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