Radio Havana Cuba | China and Latin America strengthen cooperation in infrastructure

Beijing, July 30 (RHC) China and Latin America are banking on a rapid collaboration in infrastructure construction as part of the potential of the Strip and Road initiative.

According to Vice President of China's Council for the Promotion of International Trade, Yin Zonghua, Latin America is a natural extension of the Maritime Silk Road, which is part of the proposed Chinese megaproject in 2013

He stressed that the nations of the continent are in a crucial period to promote industrial progress and change the way of developing the economy, so that they pay close attention to the construction of infrastructure .

Addressing the press, the director of the Sino-Latin American Studies Center of Tsinghua University, Taotao Chen, explained that Latin American countries should be aware of the problem. First they will consult each other in a practical way what they are looking for from the Asian nation and how can cooperate as part of the Strip and Road initiative.

Latin America can learn from the experiences of our reform and opening phase, their governments can encourage local businesses and traders to benefit from foreign investment according to the other hand, the professor Xu Shicheng, of the Chinese Academy of Social Sciences, said the economic and trade relations between Beijing and Latin America are mutually beneficial in the midst of the international trend marked by Taotao.

Many Latin American countries have many projects and collaborative agreements with China in terms of infrastructure, mining, manufacturing, among other sectors, for which many works are currently being completed, in progress or in the planning phase.

Since the creation of the China-Latin America Cooperation Fund in July 2014, those of the Asian giant have invested in important programs, including the construction of the North-South Highway of Jamaica and several hydroelectric power stations. .

According to official figures, between 2011 and 2040, the total demand for infrastructure investment in Latin America Recently, during the Sino-Latin American Infrastructure Week 2018, it was learned that In the next 15 years, Beijing plans to import $ 24 trillion worth of goods and invest more than $ 2 trillion overseas. (Source: PL)