Chinese capability was specifically reflected in the new framework for cooperation between China and Latin America, which was proposed by President Xi. With trade, investment, and financial collaboration as the three engines driving the “China and Latin American and Caribbean countries cooperation plan(2015—2019),” he cooperative relationship is expected to bring bilateral trade to $500 billion in 10 years (about the same level of current Sino-US trade). Bilateral financial cooperation between China and Latin America will reach $250 billion in 10 years, including the expansion of local currency settlements and exchanges in trade.