Chinese President Hu Jintao's upcoming visit to Brazil, Argentina, Chile and
Cuba is expected to further enhance the Sino-Latin American ties, a Chinese
scholar told Xinhua here Monday.
China and the four Latin American countries have witnessed all-round
development of their friendly cooperation in various fields,said Jiang Shixue,
deputy director with the Institute of Latin-American Studies of the Chinese
Academy of Social Sciences.
"China and Latin American countries are all developing countries and share
many common grounds," he said.
This year Brazilian and Argentina President paid state visits to China, and
the year 2001 and 2003 witnessed the China tour by state head of Chile and Cuba
respectively.
China and Latin American countries have made progress in political and
diplomatic relations as well as in economic and trade cooperation, said Jiang.
According to statistics from the Chinese customs, the trade volume between
China and Latin America last year grew 50.4 percent to 26.8 billion US dollars.
China-Argentina trade volume reached 3.17 billion US dollars last year, up 122.9
percent year on year.
China's importation of soybeans, iron ores and copper from Latin America has
been growing rapidly, said Jiang.
In 2003 China's import volume increased 40 percent, while its import from
Latin America soared 79.1 percent, the highest growth rate among all parts of
the world.
Last year Brazil gained a trade surplus of 3.7 billion US dollars from China
and Argentina 2.3 billion US dollars. China's robust economic growth has
contributed to the economic recovery inLatin America, Jiang said.
Jiang also mentioned the trade disputes between the two sides, saying China
should increase its direct investment in Latin America.
Only through the simultaneous development of both political and economic
relations, can the bilateral cooperation be boosted steadily to a new level, he
said.