| Publication |
2011.
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| Summary/Abstract |
In the new century, Latin America and the Caribbean has gradually upgraded its economic vigor and maintained a good momentum, thus laying a solid foundation for Latin America's economy. Having appropriately coped with the shocks of the international financial crisis, Latin America enjoys a favorable situation in dealing with the current external economic risks. Despite the impact of its internal structural problems and external macro environment, economic development in Latin America enjoys a favorable future. The "China factor" is playing an increasingly important role in the development of Latin America's economy. Looking ahead, China and Latin America will highly likely expand mutually complementary advantages in their economy and trade, in that the Chinese market will provide favorable external conditions for the sustainable growth of Latin America's economy and Latin American countries will in return provide more room for developing China's foreign trade and investment. More closely intertwined and integrated interests between China and Latin America represents the trend of times. It conforms to the fundamental interests of both sides to steer Sino-Latin American cooperation to a comprehensive, in-depth and sustainable development.
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