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Instead, China wants all to benefit. China will be glad to see Latin America benefit from bilateral, trilateral and multilateral relations with other parties, which will also benefit China in the long run.

Xi urged local governments of the two sides to further open up, improve the "hard environment" for investment and mutual cooperation, and build a conducive "soft environment" in line with the principles of compliance with the law, convenience and practical results.

Lew expressed expectation that the BIT negotiation will make progress. He welcomed China playing a bigger role in the development of infrastructure in Asia and said the United States is ready to cooperate with China on both bilateral and multilateral levels.

"I think Xi's announcement itself is a good start ... (It was) made in a way that serves as a platform for more practice to come," he said.

Xi and his wife, Peng Liyuan, were accompanied by Belarusian President Alexander Lukashenko during the visit to the industrial park, the largest cooperation project between the two countries and the largest foreign investment project of Belarus.