Business ties with LatAm on healthy track

Executives, experts underline bigger potential for deeper bilateral cooperation

China and Latin American countries, buoyed by their highly complementary economic structures, are well-positioned to deepen mutually beneficial trade and investment ties as the two sides navigate the headwinds of the current global economic recovery, experts and executives said.

China's strengths in areas such as manufacturing and infrastructure align well with Latin America's focus on export diversification and industrial development, creating various avenues for economic cooperation amid rising global trade protectionism, they added.

Faced with the recent tariff threats tipped by the White House targeting countries like Mexico, Latin American nations are now accelerating their strategies of diversifying their trade partnerships, said Sun Yanfeng, a researcher at the Institute of Latin American Studies, which is part of the China Institutes of Contemporary International Relations.