China, Latin America business summit concludes

SHIJIAZHUANG, Oct. 15 (Xinhua) — The 10th China-Latin America and Caribbean (LAC) Business Summit closed Saturday in Tangshan, a port city in north China’s Hebei Province, with a number of cooperation documents signed.

The two-day summit was attended by more than 1,500 representatives from international organizations, government departments, trade promotion agencies, chambers of commerce as well as companies from China and Latin American countries.

Altogether 64 deals for cooperation and MOUs were signed.

The representatives also reached consensus on 19 projects for cooperation between Chinese and Latin American businesses, covering diverse fields including cultural exchanges, mining, energy, infrastructure construction, and smart agriculture.

About 1,300 trade talks were held among businesses during the summit, covering food processing, electronics, information technology, textile, wind energy, tourism, finance, legal services, botany and fishing industries, said Wang Jinzhen, vice chairman of China Council for the Promotion of International Trade.

Wang said he expected the dialogues to help Chinese companies expand exports and enable Latin American businesses to explore the Chinese market.

On the sidelines of the summit was an industrial exhibition in Tangshan Friday. Twenty-five Chinese companies set up booths to present state-of-the-art developments in energy, automaking, steel and iron, building materials, communication, heavy industries and high speed railways.

The next summit will be in Uruguay.