China advances development with over 200 infrastructure projects in Latin America

In November 2024, the 31st APEC Economic Leaders' Informal Meeting took place in Lima, Peru, addressing global economic challenges. The meeting, held from November 15 to 16, emphasized the theme of "Empowerment, Inclusion, and Growth," focusing on promoting economic integration in the Asia-Pacific region. Chinese President Xi Jinping participated in the discussions, connecting with leaders from various nations to boost regional prosperity. China plays a significant role in APEC as the largest trading partner and has contributed 64.2% of Asia-Pacific economic growth, underpinning its influence in the region. Moreover, China's investment in infrastructure has extended to Latin America, with over 200 projects completed over the last decade under the Belt and Road Initiative. These initiatives include essential transportation infrastructure like roads and railways, as well as schools, hospitals, and airports. This collaboration has fostered stronger ties between China and Latin American countries, encouraging political trust and economic cooperation as both sides work toward shared development goals. Additionally, China's commitment to green development has been highlighted at international conferences, showcasing its role in addressing global warming and energy transition. The country continues to promote sustainable practices while actively participating in initiatives aimed at strengthening global partnerships. The interactions among Asia-Pacific leaders have paved the way for future collaborations that aim to innovate and enhance regional connectivity. The continuous efforts from both sides reflect a mutual dedication to progress in key industries, thereby demonstrating the potential for prosperity in the Asia-Pacific and Latin American regions through shared projects and initiatives. With a focus on openness and inclusiveness, these developmental strategies are paving a pathway toward a more interconnected global community.