Xi Jinping attends APEC meeting and G20 summit to strengthen ties with Latin America
- Chinese President Xi Jinping left Beijing to attend multilateral summits in Peru and Brazil.
- This visit underlines China’s strategic partnership with Latin American countries, especially in economic cooperation.
- The events are expected to enhance solidarity among developing countries and foster regional integration.
On November 13, 2024, Chinese President Xi Jinping departed from Beijing to participate in the 31st APEC Economic Leaders' Meeting in Lima, Peru, as well as to attend the 19th G20 Summit in Rio de Janeiro, Brazil. His travels come at the invitation of the Peruvian and Brazilian presidents and underscore the significance China places on economic cooperation in the Asia-Pacific region. Xi's recent interactions with the leaders of both nations reflect a commitment to elevating the comprehensive strategic partnership with Peru and Brazil. China's extensive trade relationships with Latin America, characterized by supportive political trust, are also reinforced through significant infrastructure initiatives, like plans for the Chancay port in Peru. This endeavor aims to reduce transportation costs and time between China and South America, further stimulating economic cooperation. In addition, as China has consistently been the largest trading partner for both Peru and Brazil, Xi’s visit emphasizes the collaborative spirit of the Global South, with expectations for both summits to focus on creating a just world and sustainable development goals. Experts believe this cooperation could lead to a new height in the Sino-Latin American relations, benefiting regional development and trade integration. Overall, Xi's attendance simultaneous at both multilateral events highlights China’s strategic aim to support developing nations in facing global challenges while enhancing their economic growth through stronger partnerships.