President Xi Jinping and guests attend a photo session during the opening ceremony of the first Ministerial Meeting between China and the Community of Latin American and Caribbean States. FENG YONGBIN / CHINA DAILY

The friendly relations and win-win cooperation between China and Latin America add to their joint efforts in international affairs, and give their bilateral ties more global significance.

The first ministerial meeting of the Forum of China and the Community of Latin American and Caribbean States that concluded in Beijing on Friday ushered the bilateral cooperation between the two sides into a new phase.

China is the world's largest developing country, and Latin America home to many major developing countries, and the bilateral cooperation involves one-fifth of the world's land territory and one-fourth of the global population.

Chinese President Xi Jinping proposed building a new Five-in-One pattern of relations between China and Latin America last July. By that he meant both sides will sincerely trust each other in politics, cooperate with each other for a win-win outcome for their economies and trade, learn from each other in people-to-people and cultural exchanges, closely cooperate with each other in international affairs, and promote overall cooperation and bilateral relations, so as to forge a hand-in-hand community of shared destiny.

The forum last week was a new step forward in the building of such a community of common destiny, as it makes clear in which fields and how the relevant parties should deepen their cooperation.

The emerging market economies and developing countries in Asia and Latin America are deconstructing the West-centered "center-periphery" economic and power pattern.

China has dedicated itself to coordinating internal restructuring reforms and maintaining sustainable growth, and promoting reforms of the world's economic and trade orders in the world together with its partners. Latin America is one of the most important partners for China in these endeavors.