Economic ties with Latin America grow

Editor: 管理员      Date:2014-07-15      Hit:3591
%3CP%3E%3CFONT%20face%3DVerdana%3EChina%27s%20economic%20cooperation%20with%20Latin%20America%20is%20accelerating%20due%20to%20the%20country%27s%20expanding%20domestic%20demand%20and%20the%20region%27s%20economic%20restructuring%2C%20according%20to%20the%20Ministry%20of%20Commerce.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22Latin%20America%20is%20a%20vibrant%20and%20promising%20market.%20China%20and%20Latin%20America%20highly%20complement%20each%20other%20economically%2C%22%20a%20ministry%20official%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22China%27s%20huge%20domestic%20market%20has%20a%20great%20future%2C%20while%20Latin%20American%20countries%20are%20restructuring%20their%20economies%20and%20boosting%20infrastructures.%20This%20is%20not%20only%20an%20important%20base%20for%20further%20expanding%20China-Latin%20America%20economic%20cooperation%2C%20but%20also%20the%20biggest%20advantage%20for%20cooperation%20in%20the%20near%20future.%22%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EBilateral%20economic%20ties%20have%20developed%20rapidly%20since%20China%20was%20admitted%20into%20the%20World%20Trade%20Organization%20in%202001%20and%20have%20seen%20increasing%20convergences%20in%20recent%20years.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EChina%20is%20Latin%20America%27s%20third-largest%20trade%20partner%20after%20the%20United%20States%20and%20the%20European%20Union%2C%20while%20the%20region%20is%20China%27s%20seventh-largest%20trade%20partner.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EBilateral%20trade%20in%202013%20edged%20up%200.1%20percent%20year-on-year%20to%20%24261.57%20billion.%20China%27s%20exports%20to%20the%20region%20dropped%20by%200.7%20percent%20to%20%24134.27%20billion%20while%20its%20imports%20grew%20by%201%20percent%20to%20%24127.3%20billion%2C%20according%20to%20the%20General%20Administration%20of%20Customs.%20China%27s%20trade%20with%20Latin%20America%20was%20%2412.6%20billion%20in%202000.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThrough%20the%20first%20four%20months%20of%20the%20year%2C%20bilateral%20trade%20rose%20by%206.1%20percent%20from%20a%20year%20earlier%20to%20%2480.09%20billion.%20China%27s%20exports%20to%20the%20region%20declined%20by%201.9%20percent%20to%20%2439.35%20billion%20while%20its%20imports%20surged%20by%2015.2%20percent%20to%20%2440.74%20billion.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22On%20the%20whole%2C%20bilateral%20trade%20still%20centers%20on%20traditional%20products%2C%20but%20both%20sides%20should%20encourage%20the%20trade%20of%20high-tech%20and%20high-value-added%20products%2C%22%20said%20the%20ministry%20official.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22But%20the%20two%20sides%20need%20to%20further%20expand%20cooperation.%20China%20has%20advantages%20in%20areas%20such%20as%20solar%20power%20and%20large%20equipment%20while%20Latin%20America%20is%20promoting%20low-carbon%20economy%2C%20leaving%20great%20potential%20for%20entrepreneurs%20to%20usher%20in%20new%20cooperation%20into%20these%20areas.%22%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20official%20also%20suggested%20greater%20two-way%20direct%20investment%20because%20of%20the%20region%27s%20rich%20resources%2C%20stable%20economic%20environment%20and%20sound%20legal%20framework.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22The%20Chinese%20government%20encourages%20domestic%20enterprises%20to%20increase%20their%20investment%20in%20Latin%20America%20and%20welcomes%20more%20investment%20from%20the%20region.%20Investment%20cooperation%20can%20center%20on%20sectors%20such%20as%20new%20energy%2C%20new%20materials%2C%20energy%20conservation%20and%20environmental%20protection%2C%20bioindustry%2C%20technology%20innovation%20and%20advanced%20manufacturing.%20Great%20potential%20is%20also%20envisioned%20in%20aerospace%2C%20auto%20manufacturing%2C%20electronic%20information%2C%20mechanical%20equipment%20and%20large-scale%20infrastructure%2C%22%20the%20official%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EIn%20recent%20years%2C%20China%27s%20direct%20investment%20in%20Latin%20America%20grew%20rapidly%20in%20energy%20and%20minerals%2C%20manufacturing%2C%20power%2C%20agriculture%20and%20finance.%20In%202013%2C%20China%27s%20nonfinancial%20direct%20investment%20in%20the%20region%20jumped%2042.9%20percent%20year-on-year%20to%20%2415.16%20billion%2C%20according%20to%20the%20ministry.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EFrom%20January%20to%20May%2C%20China%27s%20spending%20in%20the%20region%20reached%20%245.33%20billion%2C%20according%20to%20the%20ministry.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%3CBR%3E%28China%20Daily%29%3CBR%3E%3C/FONT%3E%3C/P%3E