Correa has already netted loans worth US$7.5 billion and signed nine bilateral cooperation agreements with his Chinese counterpart, Xi Jinping.(…)
Chinese officials have been full of praise for the Quito-Beijing economic relationship. Spokesman for the Chinese Ministry of Foreign Affairs Hong Lei states that financial cooperation between the two countries is “mature and effective.”(…)
Pending accords will be signed on Friday, January 9. In the interim, both Correa and Xi Jinping are due to attend the opening of the first ministerial forum between China and the Community of Latin American and Caribbean States (CELAC) on Thursday.