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Investments from Chinese companies have rapidly increased in Spain in recent years, with a stock of more than 2.3 billion U.S. dollars, covering sectors including energy, agriculture, finance, logistics, telecommunications and infrastructure.

Gordon Hinkle, vice president of Global Operations at the California Center, has been following the news from Buenos Aires. After hearing the meeting had achieved positive results, he said "it is extremely encouraging."

Diversity and interaction between different civilizations, social systems and paths can provide strong impetus for human progress, he said.

Xi urged the two countries to continuously deepen their strategic cooperative partnership and jointly make positive contributions to lasting peace and prosperity in the region.

This year's APEC meeting is themed "Harnessing inclusive opportunities, embracing the digital future." China, now 40 years into its historic policy of reform and opening-up, has vowed to open wider, creating more opportunities for the development of the Asia-Pacific region.