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China will adhere to the 16-character motto of "friendly neighborliness, comprehensive cooperation, durable stability and looking toward the future" as well as the "four good" spirit of "good neighbors, good friends, good comrades and good partners," implement the important consensus reached by both party leaders, so as to promote the healthy and stable development of bilateral ties, Liu said.

Hua made the remarks after Japan's cabinet on Thursday approved a record97.45 trillion yen (830 billion U.S. dollars) budget for 2017, with the highest ever defense spending, 5.13 trillion yen (44 billion U.S. dollars).

"During Xi's visit, China will put forward a blueprint to enhance China-Latin America economic and trade cooperation. Latin America, which is under the pressure of economic transformation, needs China's market, production capacity, capital and experience in construction. China's proposal will be welcome," said Chen Fengying, an economist with China Institutes of Contemporary International Relations.

He said although some developed countries have come up with a roadmap for financial support for developing countries, it still falls short of the rich countries' commitment of providing 100 billion U.S. dollars a year in assistance by 2020.

Key tasks and strengthening weak links in efforts to deepen reform and explore FTZs with a broad perspective should be pushed forward, Li said.