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Chinese ambassador:

"China-Ecuador ties better than ever"

Chinese President Xi Jinping’s state visit to Ecuador, the first visit to the Latin American country by a Chinese head of state, is of milestone significance and will lift bilateral relations to a new high, Chinese ambassador to Ecuador Wang Yulin said in an article published in the People’s Daily on Friday before Xi kicked off his tour.

"Ecuador is a South American country of great importance. It covers 256,000 square kilometers and has a population of 16 million. With rich natural resources, great biodiversity and abundant agricultural products, the time-honored country is a major producer and exporter of bananas, cocoa, prawns and flowers," the ambassador said.

"The pragmatic cooperation between China and Ecuador in trade and finance has yielded great success. China is now the third biggest trade partner for Ecuador, while Ecuador is China’s important energy cooperation partner in Latin America, a major destination for Chinese investment and financing as well as a market for contract work.

"Bilateral trade volume reached $3.8 billion in 2015 and products including bananas, prawns and flowers exported from Ecuador are favored by Chinese consumers. Over 90 Chinese enterprises have landed in Ecuador. A series of strategic projects, such as ECU 911,a nationwide system for emergency responses, and Coca Codo Sinclair, a hydropower stationbuilt by Chinese enterprises, have been put into use one after another. The hydropower station is the biggest in Ecuador."

Read more at mareeg.com
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