CRI听力:Li's Visit Inspires Fresh Modes of China-LatAm Cooperation

Chinese foreign minister Wang Yi says the premier's visit is a milestone.

"The visit is quite in time ,quite pragmatic and quite successful. We have a wide range of cooperation including production capacity, finance, railways, and people-to-people exchanges. I think the most important achievement is that the visit brings China's high-quality production capacity and equipment to Latin America, which will benefit economic and trade ties as well as the cooperation between the two sides and serve as an exemplary model for South-South cooperation."

Previously Sino-Latin American cooperation mainly relied on China's imports of Latin America's agricultural products and investment in the continent's mining industry.

The minster says despite generating tangible benefits for both China and Latin America, the old mode of cooperation requires upgrading due to the development of each country.

"Latin America aspires for economic diversification and faster industrialization while China has been deepening its economic structural reform, aiming for a large quantity of high-quality production capacity and equipment to go global. The production capacity cooperation enables the two sides to dovetail their development strategies at a higher level and foster a fresh mode of cooperation that features strong complementarity."

The official says with China's high-quality production capacity and equipment, Latin America will be able to advance its process of industrialization at a lower cost.

Wang points out that the "three times three " mode proposed by premier Li is not only suits the needs of Latin America, but also inspires new channels for high-level cooperation between China and other developing countries, especially emerging economies.

One of the important achievement of the visit is that we find some new ideas for further cooperation . Premier Li reiterated his proposal of the new mode of production capacity cooperation dubbed "three times three." "Three times three" means the joint construction of three passages for logistics, electric power and information, giving full play to the interaction among the three entities of private sector, society and the government and using three financing channels including funding, credit loans and insurance."

In addition, the new mode also provides new means for North-South cooperation.

The minister says part of the high-quality production capacity transferred from China to Latin America comes from enterprises from developed countries.

"In fact, developed countries are also part of the China-Latin America production capacity cooperation which is , as the premier has reiterated , open to third parties. It does not only seek win-win results for China and Latin America, but also an all-win scenario for both developing and developed countries."

Wang Yi adds that in face of the global economic slowdown and lingering effect of the global financial crisis, it is very important for China to engage in global cooperation.

For CRI, I'm Guo Yan.