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China, Latin America are Close Trade Partners
2016-11-22
Brief:According to Chinese President Xi Jinping, China is willing to work with Ecuador to boost cooperation between China and Latin America.
 
President Xi Jinping says China is willing to work with Ecuador to boost cooperation between China and Latin America. Let's take a look at current ties. China is Latin America's second largest trading partner. Two way trade stood at over 236 billion US dollars in 2015 and accounted for around 6 percent of China's total foreign trade volume.

Latin America is a major destination for Chinese investment. Chinese enterprises have invested over US$126 billion into the region. Latin America has received over 11 percent of total Chinese foreign direct investment. China has pledged to increase bilateral trade to US$500 billion and increase Chinese investment in the region to $250 billion by 2025.
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