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Meeting with Barcena, Li said that China is willing to expand cooperation with ECLAC in areas including production capacity, equipment manufacturing, infrastructure construction and finance to achieve mutual benefits and a win-win situation.

Chinese companies, meanwhile, "should forge ahead with long- term plans" while striving for excellence and social responsibility to achieve a win-win situation, he added.

Speech at the luncheon of the Fourth World Peace Forum

Xi said China stands ready to maintain close high-level interactions, retain the sound political trust and ensure the general direction of friendship between the two nations.

The SCO member states will continue, on the basis of the "Shanghai Spirit" of mutual trust, mutual benefit, equality, consultation, respect for cultural diversity and pursuit of common development, to cooperate with all countries and international organizations concerned to achieve enduring peace, development and progress of the world, according to the statement.