Investment and financing cooperation is growing exponentially. Ecuador is a top destination for Chinese investment and financing in Latin America. Chinese investment and financing in Ecuador has exceeded 10 billion U.S. dollars, supporting several hundred projects including major infrastructure projects such as the Coca Codo Sinclair hydropower plant, seven other hydropower plants and a dozen highways. Once up and running, these projects will equip Ecuador with a powerful locomotive and engine to propel its development further. We appreciate Ecuador's trust in Chinese companies, equipment and technologies.

People-to-people and cultural exchange has been vibrant, as evidenced by the growing interactions and cooperation in culture, education, health, sports and justice. We have presented cultural performances and exhibitions in each other's country. Such showcase of each other's cultural essence has been warmly welcomed by our people. As a result, more and more Chinese tourists aspire for opportunities to visit Ecuador.

High-tech cooperation is another highlight of our bilateral cooperation. In 2013, Pegaso nanosatellite was successfully launched aboard a Chinese rocket. China is heartily glad about being able to help Ecuador realize its satellite dream. Having learned from its own development experience that science and technology is a primary source of productivity, China understands Ecuador's pursuit of prosperity through advance in science and technology. It has offered support with concrete actions, including by sending eight scientists to participate in the Prometheus program, opening a joint research lab in the Yachay City of Knowledge, and holding the meeting of China-Ecuador Mixed Commission of Scientific and Technological Cooperation and the China-CELAC Forum on Science, Technology and Innovation.

Our friendship is also reflected in productive multilateral coordination. China commends Ecuador's commitment to an independent foreign policy of peace and to upholding justice in defiance of power politics. China appreciates its cooperation with Ecuador on major international issues such as UN reform, climate change and sustainable development, and applauds Ecuador's active efforts, in its capacity as CELAC rotating presidency and a member of Quartet, to promote the development of China-CELAC Forum and the overall cooperation between China and Latin American and Caribbean countries.

China-Ecuador relations enjoy solid political trust, converging interests and broad space for cooperation. With all these favorable conditions, our strategic partnership is poised to grow in an all-round way. I look forward to having in-depth exchanges with President Correa and friends from various sectors of Ecuador to take China-Ecuador relations to a new height.

We shall be good partners treating each other with sincerity and trust. Our two sides need to look at and promote bilateral relations from a strategic height, keep to the right direction of development and ensure sustained, sound and steady growth of the relations. On issues concerning each other's core interests and major concerns, our two sides need to understand and firmly support each other and safeguard the right to independent development.

We shall be good partners for common development. Development is what matters. China is implementing its 13th Five-Year Plan while Ecuador is advancing its National Development Plan (2013-2017). We need to seek complementarity between our respective development strategies and between our industrial chains, and deepen and upgrade practical cooperation in wider areas. China will carry out production capacity cooperation with Ecuador, increase technology transfer, and help Ecuador build greater capacity of independent development.

We shall be good partners enjoying ever-lasting friendship. Both China and Ecuador boast fine cultural heritage. We need to facilitate personnel flows in both directions and expand exchange in culture, education, health, sports, tourism, media and justice to cement popular support for bilateral ties. The future belongs to the young people. We need to prioritize youth exchanges and make sure that China-Ecuador friendship will be carried forward from generation to generation.

We shall be good partners for South-South cooperation. The world is undergoing profound and complex changes. Developing countries, China and Ecuador included, need to step up cooperation and jointly rise to challenges. China congratulates Ecuador on its forthcoming chairmanship of Group of 77 in 2017. Our two sides need to maintain close communication and collaboration, coordinate positions on major international and regional issues, and jointly safeguard the interests of developing countries. China will work with Ecuador and other Latin American and Caribbean countries to further develop China-CELAC Forum and expand China's cooperation with the region.

Another Chinese saying reads, "When brothers come together, there is nothing they cannot achieve." In the new circumstances, China will join hands with Ecuador to build a strong bridge for our two peoples to scale up friendly exchange and take our relations to a higher level.