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NEW STAGE OF BILATERAL RELATIONS

During Xi's visit, China upgraded its bilateral relationships with Argentina and Venezuela to a comprehensive strategic partnership, reached consensus with Brazil to deepen their comprehensive strategic partnership, and expressed determination to be a good friend, comrade and brother of Cuba.

In terms of bilateral cooperation, Xi proposed to link the four countries' resource advantages with China's market potential, and link their development needs with Chinese capital, technology and equipment.

The fruitful visit saw over 150 contracts and framework agreements worth some 70 billion dollars signed between China and those countries, which cover such areas as energy, mining, electricity, agriculture, science and technology, infrastructure construction and financing.

Also, China, Brazil and Peru pledged to join hands to build a railway that will link the Brazilian Atlantic coast with the Peruvian Pacific coast.

It is one of the major projects that are set to contribute "Chinese strength" and "Chinese speed" to the region and encourage more Chinese enterprises to invest overseas, said Wang.

He added that the Chinese president also announced a series of measures in the four countries to further facilitate people-to-people exchanges and promote mutual understanding and friendship.