During President Xi’s visits, China signed cooperation agreements with Brazil, Argentina, Venezuela, and Cuba respectively. Under these agreements, China will provide $70 billion to those countries via preferential loans and special funds, supporting their collaboration with China in energy and resources, infrastructure, agriculture, manufacturing, scientific and technological innovation, as well as information technologies, thus promoting cooperation between Chinese and Latin American industries. Such cooperation will not only satisfy the latter’s pressing needs for capital, but, at the same time, it will provide a larger market for Chinese products, technologies, and equipment. This further guarantees the safe and sustainable supply of external resources and energy.