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China's Policy Paper on Latin America and the Caribbean
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The world today is undergoing major transformation and adjustment. Peace and development are the trend of the times. The move toward multi-polarity is irreversible and economic globalization is gaining momentum. World peace and development are facing new opportunities as well as various challenges. It is in the fundamental interest of people of all countries and also their common aspiration to share development opportunities, jointly address challenges and promote the noble cause of peace and development of mankind.

As the largest developing country in the world, China is committed to the path of peaceful development and the win-win strategy of opening-up. It is ready to carry out friendly cooperation with all countries on the basis of the Five Principles of Peaceful Coexistence and build a harmonious world of durable peace and common prosperity.

Latin American and Caribbean countries are an important part of the developing world and a major force in the international arena. Under new circumstances, the development of relations between China and Latin American and Caribbean countries is faced with new opportunities. In issuing this policy paper on Latin America and the Caribbean, the Chinese Government aims to further clarify the goals of China's policy in this region, outline the guiding principles for future cooperation between the two sides in various fields and sustain the sound, steady and all-round growth of China's relations with Latin America and the Caribbean.

I. The Status and Role of Latin America and The Caribbean

Latin America and the Caribbean have a long history, vast territory and abundant resources, and the region enjoys a good foundation for economic and social growth and huge development potential.

Countries in the region have been actively exploring development paths suited to their national conditions. They have maintained political stability and continued economic growth, and the life of the people is steadily improving. Latin American and Caribbean countries cherish a strong desire for self-development through unity and the commitment to promoting regional peace, stability and development. The region on the whole is growing in strength and its international influence is rising. Latin American and Caribbean countries have taken an active part in international affairs and contributed significantly to world peace and common development. They are playing an increasingly important role in regional and international affairs.

II. China's Relations with Latin America and the Caribbean

Though China and Latin America and the Caribbean are far from each other, the two peoples enjoy a time-honored friendship. The two sides are at a similar stage of development and face the common task of achieving development. Both sides cherish the desire for greater mutual understanding and closer cooperation.

During the twenty years or so after the founding of New China in 1949, China and Latin America and the Caribbean mainly conducted people-to-people exchanges. In the 1970s and 1980s, China established diplomatic ties with most countries in the region. Friendly cooperation between the two sides in various fields registered momentous growth in the 1990s. Since the beginning of the 21st century, the two sides have enjoyed more frequent high-level exchanges, stronger political mutual trust and closer cooperation in economy, trade, science and technology, culture and education, and mutual support and close coordination in international affairs. New progress has been made in relations between the two sides in an all-round way at various levels and across a broad spectrum of areas.

Friendly cooperation between China and Latin America and the Caribbean serves the fundamental interest of the two peoples. Future growth of relationship between the two sides enjoys great potential and broad prospects, and will contribute more significantly to peace and development of mankind.

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