Economy between of China and Latin American countries are entering a new milestone

President Xi Jinping announced several measures on Monday to share China's development opportunities with Latin American countries.

In his speech, Xi urged Chinese investorsto respect local traditions, abide by laws and shoulder their social responsibilities in promoting employment when companies expand overseas.

China will provide more opportunities for developing countries and firmly supports a stronger voice for developing countries in global governance, the president said.

China is now the second-largest tradepartner and third-largest investment source for Latin America, while Latin America is China's seventh-largest trade partner.

Su Xiao hui, a researcher of internationalstrategy at the China Institute of International Studies, said Xi's three tripsto Latin America show that China will never forget its friends in developing countries. China is active in providing public services and products for developing countries, which will bring prosperity to these countries, she added.