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LatAm experts to study Chinese premier's proposals for China-LatAm cooperation in new book

(Xinhua)

16:26, August 08, 2012

SANTIAGO, Aug. 7 (Xinhua) -- Latin American experts are going to publish a book later this year on a range of recent proposals made by Chinese Premier Wen Jiabao on developing the region's ties with China, one of the co-authors said on Tuesday.

The book "Latin America's Answer to Premier Wen Jiabao's Proposal" aims at taking a closer look at the measures proposed by the Chinese leader, said Fernando Reyes Matta, director of the Santiago-based Center of Latin American Studies on China, in an interview with Xinhua.

Apart from Reyes, experts from Argentina, Brazil, Chile, Uruguay, Peru and Mexico were also invited to analyze Wen's measures announced at the Economic Commission for Latin America and the Caribbean (ECLAC) in June.

While giving a speech at the ECLAC headquarters during his official visit to Latin America late June, Wen laid out a series of proposals to boost China-Latin America cooperation, including creating a cooperation forum and a mechanism for regular foreign ministers' talks.

He urged closer cooperation in areas of food security, innovation, science and technology, and sustainable development.

The Chinese premier also announced the creation of a cooperation fund with 5 billion U.S. dollars to spur the development of the region's manufacturing industry, as well as a 10-billion-U.S.-dollar credit line for infrastructure cooperation.

Among Wen's other proposals were setting up inter-governmental consulting mechanisms, and promoting exchanges between legislative bodies, political parties and local governments.

"Economic trends in the first half of this year show specific China-Latin America ties are solid and preserved in fundamental areas," said Reyes.

It was also rather notable that the region's combined exports volume to China is expanding rather fast while China's investment in the region is also rising, he added.

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