China-Latam economic ties spotlight shared fortunes

BUENOS AIRES - Economic ties between China and Latin America over the past 10 years have shown shared growth free of political preconditions is possible, a leading Argentine economist has said.

Martin Burgos, coordinator at the economic department of the Cultural Center for Cooperation, told Xinhua News Agency in a recent interview that closer economic relations with China have brought benefits to the region without interference in a country's domestic affairs or demanding political concessions.

He cited China-led initiatives to fund infrastructure and energy projects, as well as financing mechanisms such as swap agreements that provide regional countries with more breathing room when it comes to managing their foreign reserves.