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The Chinese president expressed confidence in the future of the BRICS cooperation mechanism. "The more difficulties we face, the more confidence we must have," he said.

While negotiations on the investment treaty will not be easy, experts are optimistic that the U.S. and China could finish the BIT talks under Obama administration. "There is more room for agreement than people realized," Posen said. "I certainly think ( it's) doable before President Obama leaves office."

She listed infrastructure, automobiles and household appliances among promising sectors for cooperation, with enhanced quality, diversity and output of Latin American products and lowered prices resulting from the synergy between China and Latin America.

He voiced the hope that the Peruvian side could offer more support and convenience to Chinese enterprises in Peru.

The two sides had an in-depth exchange of views on security issues of common concern.