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In his speech, Xi called on China and LatAm to strengthen dialogue on global issues and boost cooperation on domestic development, to better build their community of common destiny on a new starting point in history.

"More than 90 percent of our energy can now come from clean and renewable hydropower, and that is due in part to Chinese cooperation and financing," he added.

"We have Chinese companies building highways and hydroelectric plants, and we have oil and mining companies. So there is already investment here. But many more highly profitable projects are hugely important to the country's development," he said.

Now, China is Ecuador's third-largest trading partner and Ecuador is one of the main destinations for Chinese investment and financing in Latin America.

Members of the Standing Committee of the Chinese People's Political Consultative Conference (CPPCC) National Committee hailed the sixth plenary session of the 18th CPC Central Committee as a milestone in strengthening the Party and socialism with Chinese characteristics.