China seeks broader Latin America ties

SANTIAGO, Chile - China and Latin America are seeking to diversify their business ties, which are currently heavily focused on the commodity sector.

Vice-President Xi Jinping assured the audience at the UN Economic Commission for Latin America and the Caribbean (ECLAC), on the last stop of his Latin America tour, that China will promote trade in high value-added goods with Latin America.

"We will push China-Latin America cooperation toward a comprehensive, deeper, balanced and sustainable direction," Xi said on Friday.