Cooperation expected to bring shared benefits

China has been working with Latin American countries to build logistics, electricity and information pathways in recent years, and analysts said the cooperation will continue to enhance and achieve shared benefits for both sides.

Latin America is a significant market for Chinese companies as they can offer projects with faster growth opportunities given the markets are less mature, said Joseph Jacobelli, a senior analyst of Asian utilities and infrastructure at Bloomberg Intelligence in Hong Kong.

"The growth prospects for the region are bright, and it is believed China will continue to work with partners in the region for shared development," he said.