Second, deepening cooperation on copper resources and achieving mutual benefit and win-win outcome. The China-Chile cooperation on copper resources is of strategic significance and plays a critical role in the bilateral economic and trade cooperation. Each year 50 percent of Chilean copper is sold to China, accounting for almost half of the total bilateral trade volume. We are glad to see that in February this year China Minmetals Corporation, China Development Bank and Codelco signed the joint investment and financing agreement on developing the copper resources in Chile and the total investment in the first phase is $550 million. It is the first time for Chinese businesses to cooperate with the largest copper company in the world on overseas resources development, opening a new chapter in China-Chile copper resources cooperation. I hope that the two governments and related businesses make joint efforts to ensure success of the project. In the future, both sides should further deepen the copper resources cooperation from the strategic perspective of building a long-term stable partnership and achieve complementarities and mutual benefit. Active efforts should be made to explore the new ways of cooperation on copper resources and develop new areas and projects of investment cooperation. It is necessary to strengthen policy dialogue and improve the coordination mechanism in a bid to push for the healthy and rapid progress of China-Chile copper resources cooperation.

Third, expanding cooperation on infrastructure and nurturing new growth point of economic and trade cooperation. As developing countries, China and Chile still face the heavy task of infrastructure construction. With years of development, China has accumulated rich experiences and built strong merits in the infrastructure construction including transport and telecommunications. Last year alone, China's railway increased by more than 1,200 km, roads by 129,000 km, expressway by more than 6,400 km, handling capacity of 10,000-ton berths by nearly 190 million tons and mobile phone switches by 86 million. With the rapid growth of the Chinese economy and the sustained development of the Chilean economy, the demands for infrastructure in the two countries are on the rise and the two countries enjoy increasing mutual interest, which presents unprecedented prospects for bilateral cooperation and will become a new growth point of China-Chile economic and trade relations. Both sides should seize this valuable opportunity to reinforce mutual understanding, tap cooperation potentials, innovate the cooperative model, encourage mutual investment and raise the level of bilateral cooperation in the field of infrastructure.

Fourth, pushing forward business cooperation and making businesses the major players of economic and trade cooperation. Businesses are the major forces of market and investment and the main players of bilateral economic and trade cooperation. Only with their participation can the bilateral economic and trade cooperation grow solid and strong. At present, the economic and trade cooperation model between China and Chile is rather simple, trade in primary products and goods with low technological content holds a large proportion in bilateral trade cooperation, mutual investment and business cooperation are rather weak and there lacks the support of large projects. To raise the quality and level of bilateral economic and trade cooperation, the key is to allow businesses to play a major role in the cooperation and promote the cooperation of businesses of the two countries, especially the cooperation on a number of large projects. Both sides should seize the new opportunities created by the rapid economic growth of the two countries, take strengthening business cooperation as the priority of bilateral economic and trade cooperation, expand direct two-way investment and extend the bilateral economic and trade from trade in goods to investment, industrial cooperation and technological cooperation. The Chinese Government encourages competitive and reputable big companies to do business in Chile and also welcomes Chilean companies to invest in China.