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While China's economy is going through restructuring and industrial upgrading, the region now faces challenges in further retiring excess industrial capacity, reducing reliance on labor and investment, as well as technological innovation.
"I believe China wants to create all of the conditions for the free movement of capital, and in that way strengthen the dynamism of the world economy," he added.
In July 2014, Xi paid state visits to Brazil, Argentina, Venezuela and Cuba. Moreover, a forum between China and Latin America was established to steer the overall cooperation between China and the region.
Reforms which focus on expanding effective supply in a dynamic supply-demand equilibrium, will promote stability, said Zhao Yao, professor with the business school of Rutgers University in the United States.
The two sides should also deepen cooperation in security and anti-terrorism and enhance mutual strategic trust to pave the way for all-round cooperation between the two countries, Wang said.
来源：资阳报