China and Panama established diplomatic ties in June 2017. Since then, the two sides have seen great improvement in bilateral relations including signing a memorandum of understanding to promote the B&R Initiative, beginning negotiations on a free trade agreement and launching a direct flight between Panama City and Beijing.

Xi's visit is of epoch-making significance and China's international status is very important, said Oyden Ortega, president of the Panamanian Association of Friendship with China.

It will be the fourth time for Xi to visit Latin America. "The rapid development of bilateral relations has a great deal to do with the leaders. I believe Xi's visit this time will ignite a 'China fever' and lift China-Latin America relations to a new level," said Wu Hongying, director of the LatAm office of the China Institutes of Contemporary International Relations.

INJECTING ENERGY INTO GLOBAL GOVERNANCE

With economic globalization suffering setbacks and multilateralism and free trade under assault, this year's G20 summit under the theme of "Building Consensus for Fair and Sustainable Development" attracts worldwide attention.

The summit will focus on issues like global economy, trade and investment, sustainable development, infrastructure and climate change. Argentine President Mauricio Macri said previously that while holding the G20 presidency, Argentina will continue the consensus and results achieved at the 2016 G20 Summit held in the Chinese city of Hangzhou.

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