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President Xi: China will vigorously promote regional financial cooperation

This new railway will cut the cost as well as the time for the transportation of Brazil's exports to China, Hsia said, comparing it with the current shipping route that starts from the Brazilian Pacific coast, rounds the southern tip of Argentina, and then heads up to Asia.

-- to expand investment and trade cooperation, optimize trade structure and cultivate new growth points for economy and employment.

China also hopes that the UN summit scheduled to be held during the 70th UN General Assembly in September could produce practical outcomes so that developing countries have better conditions to pursue common development objectives via greater North-South cooperation and improved South-South cooperation, said the document.

BEIJING, April 28 (Xinhua)-- Top political advisor Yu Zhengsheng met with Algerian Prime Minister Abdelmalek Sellal in Beijing on Tuesday, pledging to upgrade comprehensive strategic partnership.