Pre­mier lifts pro­file of China in Latin Amer­ica

China Daily (Canada) - - CHINESE TRAIN PROJECTS AROUND THE WORLD - By CHEN WEI­HUA in­Wash­ing­ton chen­wei­

Ex­perts in the US ap­plauded Chi­nese Pre­mier Li Ke­qiang’s cur­rent visit to four Latin Amer­i­can coun­tries as a sig­nif­i­cant step in boost­ing bi­lat­eral trade and in­vest­ment ties.

“Pre­mier Li’s trip is very im­por­tant,” said Eric Farnsworth, vice pres­i­dent of the Coun­cil of the Amer­i­cas. “It sig­ni­fies a con­tin­ued, grow­ing Chi­nese in­ter­est in Latin Amer­ica, not just in terms of trad­ing com­modi­ties but also in terms of in­vest­ment in in­fra­struc­ture.”

Farnsworth sees Li’s trip as a fol­low-up on the com­mit­ment Pres­i­dent Xi Jin­ping made in Jan­uary to in­vest $250 bil­lion in Latin Amer­ica over the next 10 years.

Latin Amer­ica needs sig­nif­i­cant in­fra­struc­ture, hav­ing un­der­in­vested for many years, while China has in­vest­ment cap­i­tal and ex­per­tise, as well as a de­sire to pen­e­trate new mar­kets, given a slow­ing do­mes­tic Chi­nese econ­omy, he said.

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