国内英语资讯:Spotlight: Xis visit expected to lift China-Ecuador pragmatic cooperation to higher level_时事

国内英语资讯:Spotlight: Xis visit expected to lift China-Ecuador pragmatic cooperation to higher level

Investment and financing cooperation is also growing exponentially.

China is now Ecuador's third-largest trade partner, while Ecuador is China's important energy partner in Latin America, a major destination for Chinese investment as well as a market for contract work.

Chinese investment in Ecuador has exceeded 10 billion dollars. More than 90 Chinese companies now operate in Ecuador, and some have been involved in the country's flagship projects, such as its largest hydropower plant.

Of the eight hydropower stations completed or under construction, seven are built by Chinese firms. The power plants have helped turn the once energy-poor country into an energy exporter.

"Economies of the two countries are highly complementary, making them natural partners for cooperation in the economic field. They have enormous potential for cooperation in such sectors as production capacity, investment and clean energy," said Wang.

During his visit, Xi is set to symbolically inaugurate the Coca Codo Sinclair station, the largest of the hydropower stations, at a ceremony in the capital of Quito.

The station, with an installed capacity of 1,500 megawatts, was built by China's Sinohydro.

"These projects have allowed us to obtain our energy independence, to have one of the most environment-friendly energy sources," President Correa told Xinhua in a recent interview. [ "More than 90 percent of our energy can now come from clean and renewable hydropower, and that is due in part to Chinese cooperation and financing," he added.