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Xi said that he is very satisfied that China-Morocco relations have developed rapidly and bilateral cooperation in various fields has been very fruitful after the two countries established a strategic partnership.

China has stayed on the path of peaceful development, got actively involved in global economic governance, and actively supported other developing countries in their development, he said.

According to preliminary statistics, 23 project contracts with a total investment of 7.78 billion yuan (around 1.12 billion U.S. dollars), will be signed during the event, covering fields such as electronic information, intelligent equipment manufacturing and new materials.

Organized by China's Xinhua News Agency and Argentina's Federal System of Media and Public Content, the three-day event drew representatives from 13 Chinese media outlets and over a hundred news agencies from more than 20 Latin American and Caribbean nations.

"China is willing to work with Russia to continue deepening political and strategic mutual trust, expanding all-round cooperation and jointly contributing to world peace, stability and development," said Li.