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To boost domestic consumption and improve people's well-being, the statement also vowed to reinforce the country's urban and rural social security networks.

Some 45.4 billion yuan was allocated to support local employment subsidies and carry out a job-creation project for high-tech talents, according to the statement.

"Electric vehicle technology has become more mature and people now have to pay much higher prices for license plates. This has led to more people coming to ask us about electric vehicles," Xu said.

China will expand domestic demand and lift Chinese people's consumption power and it is a major opportunity for Latin America, she said, adding that Latin American countries' stronger cooperation with China bears strategic significance.

The two sides had an in-depth exchange of views on issues such as bilateral military relations, maritime security, regional and international affairs, and, in particular, on how to implement the consensus reached by the two countries' heads of state to build a new military relationship.